What happens if the Treasury is delayed when returning the Income Tax return?

What happens if the Treasury is delayed when returning the Income Tax return?

The Tax Agency has until December 31 to make these payments and if the taxpayer exceeds is entitled to late payment interest

  The Tax Agency has already returned 2,473 million euros to 3.7 million taxpayers who have submitted the Income Tax return, according to the data offered until last May 10. A figure that is 14% more than last year on the same date. However, you may be among the respondents who have already submitted their documentation and are still waiting to receive that long-awaited news. The questions that will surely arise are: What is the reason for this delay? Can I claim? Do you have to compensate me?

When does the deadline end?

The first thing that needs to be clarified is that the Tax Agency has until December 31 to make the return. Therefore, patience because that means that it is still in term to be able to make the deposit without any compensation. In addition, the Rent campaign concludes on July 2 so it is normal that most of the returns are made during the duration of the campaign. The situation changes if the income has not occurred since January 1. From that moment, the taxpayer will have the right to apply interest for late payment (fixed at 3.75% in 2017) without having to expressly claim it.

What boxes do I have to use in my income statement ?:

Why is the delay?

It is usual that the delay in the return is due to the fact that the Tax Agency carries out complementary verification tasks of some fiscal data. In any case, to know the status of the declaration it is best to visit the Agency's website and access 'Renta web', where you can check the status of the return. This will indicate if it is "processed", "in check", etc.

Does the Treasury warn of the delay?

When the Tax Agency detects an error or considers that information is missing, it informs by means of a request by mail to the taxpayer. In fact, it is normal that most people who have not yet received the return as of January 1, 2017 have been informed of the reason for the delay. In any case, we must take into account an important detail. Hacienda can disagree with some deductions and reduce the refund and even consider that the taxpayer has no right to it. In this case, there will be the option to appeal the settlement made by the Tax Agency.