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01-04-12
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#1 (permalink) |
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member
Join Date: Jul 2007
Location: Suffolk
Posts: 19,922
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VAT return credit - how long?
Can someone tell me how long the VAT office generally take to refund vat when in credit in any given quarter? I seem to recall last time it was pretty quick(within a week), but can't quite remember.
Cheers
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01-04-12
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#2 (permalink) |
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Senior Member
Join Date: Dec 2010
Location: north east
Posts: 150
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Re: VAT return credit - how long?
can be a week but can take up to a month.. They soon on your back if your a month late thgough...
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01-04-12
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#3 (permalink) |
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Senior Member
Join Date: Sep 2010
Location: Norfolk
Posts: 371
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Mine was the same time I pay my VAT so about the 12th day of the month after you upload ur vat return
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01-04-12
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#4 (permalink) |
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Member
Join Date: Jul 2009
Posts: 86
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Re: VAT return credit - how long?
Steve
Normally within a forthnight of uploading your VAT. I have been waiting for a Tax return for the last 6 weeks emailed my accountant who said that he had at least 20 other clients who were waiting for payment from HMRC for VAT or TAx to be repaid. |
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01-04-12
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#5 (permalink) |
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Site Moderator, Raffle Sponsor 2007, 2008, 2009, 2010, 2011, 2012
Join Date: Nov 2007
Location: Northwest England
Posts: 19,218
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Re: VAT return credit - how long?
Quote:
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I can only ever speak from my own personal experience  Others may differ 90% of being a good Dad is just turning up. |
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02-04-12
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#6 (permalink) |
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Member
Join Date: Jul 2009
Posts: 86
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Re: VAT return credit - how long?
Steve
This was the reply I received from the accountant: They had a strike on and just after 31 January which has hampered obtaining tax repayments, and if it is any consolation, you are not the only client of mine this has happened to. That is the official line, although as the country was supposedly running out of money in February, I suspect that the word came down from the Treasury to freeze tax repayments for a period. Certainly, whilst it sounds cynical, this would not be the first time I have seen this happen. After Pastygate, and the “self created” petrol crisis, (one way to get people spending and stop a recession!!), who can say?? |
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05-04-12
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#7 (permalink) |
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member
Join Date: Jul 2007
Location: Suffolk
Posts: 19,922
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Re: VAT return credit - how long?
Well...submitted the vat return on the 1st and received refund this morning....thats 5 days(or 4 depending how you look at it), pretty impressed!
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05-04-12
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#8 (permalink) |
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Senior Member, Raffle Sponsor 2010, 2012
Join Date: Oct 2010
Location: folkestone
Posts: 2,420
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Re: VAT return credit - how long?
Money from the VAT man
Celebrations Tomorrow the new codes are released for employees so its money from the tax man too Double celebrations
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i wonder how this works 
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05-04-12
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#9 (permalink) |
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Senior Member
Join Date: Nov 2010
Location: Kent/Surrey Borders
Posts: 262
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Re: VAT return credit - how long?
Quote:
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05-04-12
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#10 (permalink) |
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Senior Member, Raffle Sponsor 2010, 2012
Join Date: Oct 2010
Location: folkestone
Posts: 2,420
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Re: VAT return credit - how long?
Quote:
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i wonder how this works
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