How InstantVAT works

Understanding how InstantVAT operates will help you make the most of our service. Here’s a step-by-step guide:

Submit Your VAT Return

• Action: File your VAT return as usual through your accounting software or directly with HMRC.
• Note: There’s no change to your usual filing process. We work behind the scenes to facilitate your refund.

HMRC Verification

• Process: HMRC reviews and verifies your VAT return as they normally do.
• Timeframe:  HMRC verification can take upwards of 30 days, though 90% of refunds are verified within the first 5 business days.

Get Paid by InstantVAT

• Benefit: Once HMRC verifies your VAT return, we pay you your refund instantly—up to one week sooner than waiting for HMRC’s standard processing.
• Notification: You’ll receive a confirmation when the payment is on its way.

HMRC Processes Your Payment

• Procedure: After verification, HMRC transfers your VAT refund to their payments team for confirmation and processing.
• No Action Required: This happens automatically; you don’t need to do anything at this stage.

HMRC Pays Adsum

• Explanation: Your refund is sent directly to our repayment bank account.
• Reason: You have already received the refund amount, and HMRC is reimbursing us directly.

Important: Updating Your HMRC Bank Details

To speed up your refund, InstantVAT temporarily changes your HMRC repayment account to our bank (sort code 23-22-22). This allows HMRC to repay us after you’ve received your money from us.

Your security is our top priority. We adhere to strict data security protocols. Your details are encrypted and held securely.