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Posted Sat, 05 Oct 2024 15:29:53 GMT by argrdnr
Over thr last few months the vat repayment has been very quick, this month i submitted on the 1st and still awaiting the release approval. Anyone else experiencing this?
Posted Mon, 21 Oct 2024 13:26:40 GMT by Jay Cooke
There can be delays between submitting a VAT refund and receiving the VAT refund. HMRC perform a variety of checks on VAT returns, if this is your 2nd or 3rd refund, then HMC may want to inspect your records to check everything is correct. once your return has been selected for review then it is allocated to an HMRC Officer who will then decide how to proceed - they may call you, write to you or email, depending on what information you supplied when first registered for VAT. This allocation for review process can take up to 30 days but HMRC will often contact you before that timeframe, refunds will not be released until HMRC have performed their checks, so once HMRC contact you, it may still take another 7-10 days to conclude the review, depends on how quick you are in replying to HMRC queries. In terms of current turnaround times, I've not seen any particular issues with my clients with refunds, but refunds can sometimes be delayed if HMRC are short of staff resources (eg. holidays) but if you are regularly receiving refunds then it is almost certain that you will get an enquiry within the first few VAT returns, all you can do is wait until HMRC contact you....and check on your gateway that all your contact details are upto date...and if you are based overseas and HMRC have to write to you, that may take 7-10 to reach you, depending where in the world you are located.
Posted Tue, 22 Oct 2024 19:47:06 GMT by argrdnr
Been registered since beginning of last year and this is the 1st time it's taken so long. I've had no correspondence from HMRC.

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