HMRC sends money after 7 years

by Hamilton at 12:21 05/01/15 (Ask-Legal-Accounting)

I am now retired. When I retired I closed my company with the aid of my accountant, with HMRC approval and of course paid all the necessary taxes etc. I left a previous accountant because he failed to submit my PAYE P35 etc. on time and the company received a penalty of £400. The fine was in respect of the year end April 2007. The company was dissolved officially in November 2008 as per records at Companies House.

I have now received a letter from HMRC which issues a repayment of the £400 . The cheque is made out -Account of payee only- in the name of the dissolved company - which no longer has any existence. I understand Bona Vacantia. Through Lawyers in the City I am aware that companies can be re-setup, if the monies to be returned are substantial, and worth the cost and effort of the exercise. In my case that would not be sensible. I would be quite happy for the money to go a nominated charity. Since HMRC caused the problem, by not repaying promptly, I do not think that it would be right for the money to become crown property because of Bona Vacantia. I am not surprised that they do not pay any interest - after all they are - HMRC but there was an opportunity cost to the £400 and some interest should be forthcoming. How should I proceed in my position? - Hamilton Tweet

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