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- The Administration usually returns the money a few weeks after filing the return, but what happens if it is delayed?
- You can check the status of your refund through the electronic office of the Tax Agency
If you have taken advantage of all the 2021 Income deductions that you can take advantage of, the chances that the declaration has been returned to you are greater. And it is that, even if you need that extra income, It is not advisable to rush when submitting the declarationsince it is very important not to leave out important expenses that you can deduct, such as the mortgage payment or rent.
Regardless of whether the Tax Agency has to pay you 50, 100 or more than 1,000 euros, sure you want the money as soon as possible in your bank account. Do not despair, the Treasury does not usually take long to make the payment.
In fact, he’s already paid back more than 7.4 million taxpayers, so he’s rarely late paying off his debts. But, What happens if you still haven’t received your money? At Tracker we tell you What is the term that the Tax Agency has to deposit the money from the Rent.
news" />In this article we tell you:
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How much time does the Tax Agency have to return the 2021 Income?
Treasury has six months from the end of the term for submitting the income tax return to return your money. In other words, the Tax Agency is obliged to enter the result of the declaration between June 30 and December 31although normally it is usually deposited within a few days of completing the procedure.
In the event that you forget to present the declaration in the months that the Income Campaign lasts and the Administration still has to return money to you, the period is also six months, although it starts counting from the date of presentation.
But beware, this return is not automatic. When the income statement comes out to return, You have to indicate the bank account in which you want the deposit to be made. Once you submit the declaration, the Treasury will make the payment by bank transfer to the account you have indicated, although you can choose to return the money by check.
What happens if the Treasury does not return the money on time?
It is not usual for the Treasury to return the money after the deadline, but it may be delayed. In fact, it is most likely that you will receive the amount within a few weeks of submitting the declaration. Even so, if more than six months have passed and you still haven’t received the money that corresponds to you, the Tax Agency has to return the result of the declaration plus default interest. This interest is set by the Government in the General State Budgets and for Income 2021 it is from 3,75%.
To calculate how much the Treasury is going to pay you more if you do not pay within the term, the amount that has to be returned to you is taken into account, the time that the Treasury has delayed in paying you the money and the default interest.
Let’s suppose the Tax Agency has to return 1,000 euros to you and it takes a month to make the deposit. In that case, you would have to divide the 30 days that it took longer by 365 and multiply it by 1,000 (the amount pending return). To find out how much more money is going to arrive in your bank account, you have to multiply the result by the default interest (3.75%). The operation is as follows:
Default interest = 1,000 x (30/365) x 3.75 = 308.22 euros
How to check the status of the return?
If you are still waiting for the Treasury to deposit the money, you can check the status of the refund from the Tax Agency website. To do this, you will need to access the “Draft / tax return processing service (Renta WEB)” and identify yourself in the electronic office through one of these three options:
- certificate or Electronic ID.
- Cl@ve PIN.
- Reference of the 2021 Income Tax return.
A message will then appear informing you of the status of the return. The system can tell you that your return is being processed, that it is being verified or that it has been processed and the Administration is going to proceed to make the return. If the Treasury has already carried out all the checks and has issued the payment order, this system notifies you that in the next few days you will receive the money in your account.
If your refund is still pending, the Tax Agency recommends that you access your file and check if it is within the VERIFICA system, which indicates the existence of incidents and allows you to expedite the return.
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