[Help] Theoretical question re hmrc

[Horses Arse]

Let's imagine for a moment that you checked your account and there was nearly £20k that appeared out of nowhere from HMRC.

What should you do and what would you do?

All just a bit of fun.....

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[studio150]

Contact HMRC to see why this has been paid into my account.
Same answer for both questions.

 

[SIMMO SAYS]

Let's imagine for a moment that you checked your account and there was nearly £20k that appeared out of nowhere from HMRC.

What should you do and what would you do?

All just a bit of fun.....

Sent from my Pixel 4 using Tapatalk

Spend it in Dicks Bar this afternoon.
I'm just about to leave

 

[Me and my Monkey]

Let's imagine for a moment that you checked your account and there was nearly £20k that appeared out of nowhere from HMRC.

What should you do and what would you do?

All just a bit of fun.....

Sent from my Pixel 4 using Tapatalk

Asking for a friend?

 

[Horses Arse]

Contact HMRC to see why this has been paid into my account.
Same answer for both questions.

So not stick it on an Albion win today then?

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[Horses Arse]

Asking for a friend?

That's it. Theoretical friend

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[Gazwag]

We have had clients whose SA return has been logged but the figures haven't so the Jan payment is showing as repayable.

Anyway, like money incorrectly paid into a bank account, if you spend it, its fraud.

 

[BNthree]

I'd stick it in a deposit/savings account and wait and see what happens.

 

[Arthritic Toe]

I would just hang on to it. Don’t spend it. Put it somewhere it’ll earn a bit of interest. They almost certainly have a record of it and it’ll all be part of your annual tax calculation.

 

[symyjym]

Keep it in my account until they contact me, just to make my account look healthier for a while.

 

[Mr Smggles]

I would just hang on to it. Don’t spend it. Put it somewhere it’ll earn a bit of interest. They almost certainly have a record of it and it’ll all be part of your annual tax calculation.

You mean the theoretical friend’s annual tax calculation?

 

[WATFORD zero]

I'd stick it in a deposit/savings account and wait and see what happens.

I would just hang on to it. Don’t spend it. Put it somewhere it’ll earn a bit of interest. They almost certainly have a record of it and it’ll all be part of your annual tax calculation.

This, and this, is what I did

 

[knocky1]

They will probably ask why you did not declare it on your tax return.

 

[Brian Parsons]

Strangely enough this happened to my brother about 20yrs ago. Not such a large amount but enough to be interesting. Many phone calls, numerous assurances that everything was legal and above board, my brother and his wife went on a once in a lifetime holiday. Only to return to a brown envelope waiting on the mat. Big error, can we have that money back please. Handed straight over to a solicitor and TWO yrs later it was resolved in my brothers favour. Lesson keep all correspondence when dealing with Government institutions.

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[BRIGHT ON Q]

Out of interest, what would you do if they had taken £20,000 out of your account?

 

[LamieRobertson]

Out of interest, what would you do if they had taken £20,000 out of your account?

Taking £20 out of my account would be a tad problematic

 

[LamieRobertson]

Asking for a friend?

Today’s ref? Surely not

 

[AmexRuislip]

Out of interest, what would you do if they had taken £20,000 out of your account?

Come on here and start a thread entitled:
'Theoretical question re hmrc'

"Let's imagine for a moment that you checked your account and there was nearly £20k that disappeared out of nowhere to HMRC.

What should you do and what would you do?

All just a bit of panic....."

 

[NooBHA]

There is only one correct answer legally.

If the amount exceeds £150. You need to write to them notifying them within 28 days that you feel that the amount paid into your account is incorrect. Pay the payment back to them whilst they lead an Investigation into the matter.

 

[maglers]

Put it in Premium Bonds and when HMRC ask for the money back agree an interest free payment each month to pay it back, cashing in the bonds as you go. Or if you can afford the payments then keep all the bonds and at the end of the payment period you will have £20k saved. All the time you will also be in with a chance of winning a million.