How to expedite your VAT refund: strategies for faster HMRC processing

The simplest way to ensure your VAT refund is processed quickly is to submit your VAT return accurately and on time. HMRC often flags returns with errors or inconsistencies for additional checks, which can lead to delays. Double-check your figures, ensure all information is correct, and avoid last-minute submissions, which are more likely to contain mistakes.

Key tips:

• Ensure that your VAT figures are accurate.
• Confirm that your bank details are correct.
• File your VAT return before the deadline to avoid congestion in the system.

HMRC may select your return for a compliance check, particularly if it involves large sums or unusual claims. To avoid unnecessary delays, make sure you have all supporting documentation ready, such as invoices, receipts, and bank statements. Being prepared to provide this information quickly will help speed up the verification process if HMRC contacts you.

Key tips:

• Organise your invoices, receipts, and bank statements in advance.
• Be prepared to submit any additional documentation requested by HMRC promptly.

Where possible, submit your VAT return digitally via HMRC’s Making Tax Digital (MTD) system. This can often lead to faster processing compared to paper submissions. MTD ensures that your information is submitted directly into HMRC’s system, reducing the risk of errors and delays associated with manual processing.

Key tips:

• Use HMRC’s Making Tax Digital platform.
• Consider using approved VAT software to streamline the process.

After submitting your return, keep a close eye on the status of your refund by logging into your HMRC VAT online account. This will allow you to spot any issues early on, such as whether your refund is being held for further checks. Being proactive in monitoring your refund means you can react faster if any problems arise.

Key tips:

• Regularly check your HMRC VAT account for updates.
• Contact HMRC if your refund is taking longer than expected.

If HMRC needs further information to process your VAT refund, they will contact you. Make sure to respond to any queries or requests for additional documentation as quickly as possible. Delays in providing this information could significantly slow down your refund.

Key tips:

• Check your mail and email regularly for any correspondence from HMRC.
• Respond immediately to any HMRC queries to avoid further delays.

If you want to significantly reduce the wait time for your VAT refund, InstantVAT offers a quick and reliable solution. With InstantVAT, you can receive your refund within 24 hours after HMRC verifies your claim, bypassing the standard wait time of 10 to 15 working days.

Here’s how InstantVAT can help:

• Immediate access to your refund: Rather than waiting for HMRC’s payment to clear, InstantVAT ensures your refund is available in as little as one business day after verification.
• Expert support: Our team of VAT specialists and ex-HMRC officers handle the entire process for you, from communicating with HMRC to resolving any issues that may arise.
• No more delays: If HMRC delays your refund for any reason, our experts will step in to address the issue and get your money back to you faster.

While HMRC’s standard processing time for VAT refunds is between 10 to 15 working days, several strategies can help expedite the process. Submitting accurate returns, keeping documentation organised, and responding promptly to HMRC queries are all key to speeding up your refund.

However, for businesses that need faster access to their money, InstantVAT offers an even quicker solution. With InstantVAT, you could receive your VAT refund within 24 hours of HMRC verification, giving you the cash flow boost you need without the long wait.

If you’re ready to accelerate your VAT refund, consider using InstantVAT to fast-track the process and take the stress out of waiting. Don’t let HMRC’s delays hold back your business – get your refund faster with InstantVAT.