---
title: Why have you updated my HMRC bank details?
description: We update your HMRC bank details to expedite the processing of your VAT refund. Here's why and how it benefits you:
---

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# Why have you updated my HMRC bank details?

We update your HMRC bank details to expedite the processing of your VAT refund. Here's why and how it benefits you:

#### **Reason for Updating Bank Details:**

- **Faster Refunds:** 
    - By temporarily changing your HMRC repayment account to our bank account (Sort Code: **23-22-22**), we can pay you your VAT refund **immediately** once HMRC verifies your VAT return.
- **Streamlined Repayment:** 
    - This setup allows HMRC to repay us directly after we've advanced the funds to you, simplifying the overall process.

#### **How It Works:**

1. **Submission and Verification:** 
     - You submit your VAT return as usual.
     - HMRC reviews and verifies your return.
2. **Instant Payment:** 
     - Once verified, we pay you your refund instantly—up to **one week sooner** than waiting for HMRC's standard processing.
3. **HMRC Repayment:** 
     - You don't have to worry about repaying Adsum. HMRC processes your refund and sends the funds directly to our collections account, settling the amount we advanced to you.

#### **Security and Standard Practice:**

- **Secure Process:** 
    - Updating your HMRC bank details to our account is a secure and standard practice in the industry.
- **Temporary Change:** 
    - The change is temporary and solely for the purpose of expediting your refund.
- **Data Protection:** 
    - Your personal and financial information remains protected under strict data protection regulations and our privacy policies.

#### **What This Means for You:**

- **No Action Required:** 
    - We handle the bank detail update on your behalf; you don't need to do anything.
- **Immediate Access to Funds:** 
    - Receive your VAT refund faster, improving your cash flow.

#### **Frequently Addressed Concerns:**

- **Will This Affect My Future VAT Refunds?** 
    - No, once updated, our repayment bank details will have no impact on your future VAT returns.
- **Is My Money Safe?** 
    - Absolutely. This process is designed to be secure and to ensure you receive your funds promptly.

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