How to get your £150 tax refund first paid to your bank account

The Energy Rate Plan was announced by the Prime Minister earlier this month to help people cope with rising energy bills. It comes as the increase has been confirmed worldwide since April

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Households will be eligible for a £150 discount from April

The Local Government Association said bill payers should direct debit to pay their council tax from April so they receive their £150 energy back payment faster.

The Energy Price Reduction Plan has been announced by the Prime Minister in the first day of this month to help people deal with rising energy bills.

It will see eligible UK households in Council Tax Bands AD properties received £150 energy refund payment from their council since April this year.

This includes people who have received help paying some or all of their council bills through local council tax assistance.

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Councils are urging people to set up direct debit so they can get their payments to them as quickly as possible.

For example, Hull City Council says 60,000 households in the city are currently not paying their council tax by direct debit – which could lead to delays.

Almost half of the 37,000 council tax-paying households in Dartford do not use direct debit payments while there are 30,000 people in Bolton without a direct debit agreement in place.

Remittances to council taxpayers without a direct debit agreement will take longer as the council will need to try to contact them about the rebate and will also have to do a payment check prior to.

Council will also receive £144 million in discretionary funding to enable them to provide help to households that do not qualify under the core program requirements, but who are having a hard time meeting the costs Energy bills increase.

Many households are economically vulnerable in a while.

Energy price cap has been due to an increase of £693 to £1,971 in April pressure on bill payers, and analysts warn bills could hit £3,000 by the end of the year.

Meanwhile the crisis arose in Ukraine could send inflation soaring above the Bank of England’s 7.5% forecast in April.

Thomas Pugh, economist at RSM UK, said: “Looking beyond the immediate humanitarian impact, the impact on the UK economy will depend on what happens next and how long commodity prices remain elevated. long.

“But inflation in the UK is now likely to rise above the 7.5% peak we had expected in April and will be even higher in the long run.

“A good general guideline is that a $10 increase to a barrel of oil would increase next year’s inflation by about 0.15 percentage points.

“The direct impact on inflation is likely to extend to food prices as well. Between them, Russia and Ukraine exports a quarter of the world’s wheat, and Ukraine is a major exporter of corn.

“This will add upward pressure on food prices, which rose 4% in December. All this will exacerbate the cost-of-living crisis and dampen GDP growth. “

Cllr Shaun Davies, Chairman of LGA’s Resource Board, said: “This year is going to be tougher than most, especially for those on lower incomes, so it’s good that the Government is helping. financial support to help alleviate these pressures.

“Setting up direct debit means councils can automatically pay £150 worth of energy rebates straight into your bank account. It’s quick and easy to set up to pay council tax by direct debit through your council’s website.

“You can still get money if you don’t set up direct debit, but it may take longer as your council will have to contact you and then you will have to make a claim.

“Councils will also now be looking to establish their local plans to provide discretionary help to households that are not eligible under the terms of the rebate scheme, but who are having to struggling to meet the cost of rising energy bills.”

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Fry Electronics Team

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