First VAT return is usually of repayment. I have listed below actions you can take to make the process easier .
- File early to get monies early.
Do not wait for the deadline. HMRC processes repayment within 30 days of VAT submission date, not deadline date, so earlier you file earlier you will get repayment in your bank account.
- Use HMRC online tool to check VAT repayment status: link
- Email address of HMRC VAT repayment team given below, but do not chase them before 30 days.
vatfirstperiodrepaymentclaims@hmrc.gov.uk
- Prepare to submit supporting paperwork online and then wait for the letter with Case reference.
You can use this service to check on documents required to ensure all are available while preparing VAT return. HMRC will send a letter in post requesting paperwork to support the repayment like invoices, bank statement etc. Previously we had to send everything by post but now it’s done online. You can start preparing immediately and once letter with Case reference is received, submit the form.
Send details to support your VAT repayment claim – GOV.UK
Agent can complete this form on behalf of the client.
Source:
Roy Accountants 