Has my VAT Repayment been paid?

Has my VAT Repayment been paid?

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Hi there

I have checked my VAT Account online, and I'm just wondering if our VAT repayment has been paid.

Under description it says 'Repayment - Bank Giro Authorised'.  Does this mean it has actually been paid and I can expect it in our bank shortly, or are checks still going through?

This is our first VAT return so I'm not sure what they mean - if it has been Authorised, should it be in my account by now?

Many thanks in advance!

Replies (4)

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chips_at_mattersey
By Les Howard
12th Feb 2014 09:02

Repayment Return

The wording means that HMRC have accepted, in principle, the Return. Your money is on its way. However, HMRC reserve the right to check the Return at a later date, so you cannot take repayment as their agreement that the figures are correct.

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By trlee
12th Feb 2014 09:09

Repayment Return

Thats great, thank you - as long as we know it's on its way!

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chips_at_mattersey
By Les Howard
12th Feb 2014 09:38

But ...

if you have not received the money 2 weeks after the 'Bank Giro Authorised' message, then do contact HMRC to chase.

You can use this link: https://online.hmrc.gov.uk/shortforms/form/VATReg_Agent?dept-name=&sub-d...

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By trlee
12th Feb 2014 09:54

Thanks
OK brilliant, thank you!

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