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Old 01-04-12   #1 (permalink)
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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.

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Old 01-04-12   #2 (permalink)
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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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Old 01-04-12   #3 (permalink)
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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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Old 01-04-12   #4 (permalink)
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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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Old 01-04-12   #5 (permalink)
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Re: VAT return credit - how long?

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Originally Posted by eddiegts View Post
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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Old 02-04-12   #6 (permalink)
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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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Old 05-04-12   #7 (permalink)
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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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Old 05-04-12   #8 (permalink)
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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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Old 05-04-12   #9 (permalink)
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Re: VAT return credit - how long?

Quote:
Originally Posted by Paper Rustler View Post
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??
Pastygate ???? could you enlighten me
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Old 05-04-12   #10 (permalink)
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Re: VAT return credit - how long?

Quote:
Originally Posted by Paper Rustler View Post
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??
surely that would have hampered collections by greater monetary value than repayments
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