Tax Refunds Regulation (Review) Bill

A Bill to require the Chancellor of the Exchequer to commission a review of the timelines with which tax refunds owed to taxpayers by Her Majesty’s Revenue and Customs are made; as part of that review to consider the merits of making such refunds payable on the day they are calculated and applying interest and penalties to such refunds 30 days after they are payable; and for connected purposes

Originating House

House of Commons

Last Updated

1 May 2012

In Plain English

AI-generated

This Bill would require the Chancellor of the Exchequer to commission a review of how HM Revenue and Customs handles tax refunds. The review would consider paying refunds on the day they are calculated and applying interest and penalties 30 days after refunds become payable, as well as related changes.

Key Points

The Chancellor must commission a review of HMRC's tax refund timelines.
The review should assess if refunds could be paid on the day they are calculated.
The review should consider applying interest and penalties 30 days after refunds are payable.
The bill is a Commons-originating measure currently at the 2nd reading in the House of Commons.

Progress

The bill is at the 2nd reading stage in the House of Commons. If it progresses, it would typically move to committee for detailed examination.

Who is affected?

Individual taxpayers owed refunds by HMRCBusinesses and other organisations receiving tax refundsHMRC staff and systems involved in processing refunds

Generated 21 February 2026

Updates & Documents

News (1)

News - Tax Refunds Regulation (Review)

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.

Tax Refunds Regulation (Review) Bill | TrackPolitics