V16.120 VAT Notes No 3 2017

V16.120 VAT Notes No 3 2017

Repayments by Bacs, straight into your bank account

We can send a payment straight to your bank account if you're due a VAT repayment.

To receive your repayments straight to your bank—

  1.  

    —     you need to provide us with details of your bank sort code and account number through the VAT online service

  2.  

    —     the account must be in the name of the registered person or company

  3.  

    —     all future repayments will be made direct to that account unless you tell us of a change.

Payments by Bacs are faster, safer and more secure than payable orders which can take up to six days to clear and will be phased out in the future.

The VAT online

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