Martin Lewis' MSE Says UK Households to Receive HMRC Tax Refund Letters 'by August' - Birmingham Live

Martin Lewis' MSE says UK households to receive HMRC tax refund letters 'by August' - Birmingham Live

The MoneySavingExpert.com (MSE) team has issued an update on tax refunds

Martin Lewis MSE says HMRC sending tax refund letters to households 'by August'

HMRC is sending P800 letters to UK households for tax refunds.

HMRC under pressure as underpaid tax by US firms surges

The UK’s tax collector is under pressure amid a surge in underpaid tax by US companies. HMRC suspects as much as £8.8bn in tax was underpaid by US companies in the previous tax year, a jump of 57 per cent compared to the previous year, according to figures obtained by accounting firm UHY Hacker Young. The rise means nearly half of all underpaid tax from overseas territories relates to American firms, which now account for 46 per cent of the £19b…