Delays in receiving a VAT refund from HMRC can and do occur. What’s the best way to avoid delay?
When a VAT-registered company submits its VAT return, there will sometimes be a refund due. This occurs when the business has paid out more in VAT in the qualifying period than it has received. When this happens, the business obviously wants its money back as quickly as possible. However, there are sometimes hold ups, and these can, on occasion, have serious repercussions for the company concerned.
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