vat return

manwithvan

Registered User
Messages
16
the vat charged is less than vat refund.

what happens do i ask for refund or do it wait till next vat payment to claim back the difference
 
No need to ask. The Collector General will send a cheque to you or if you prefer - fill in your bank details (business) in the form and payment will be made directly to your bank account
 
As far as I am aware revenue no longer refund VAT by cheque, it must be direct to the taxpayers bank.
 
Like most subcontractors we're now in a repayment situation each VAT period. If you're using ROS there's an 'offset' option you can use, so I generally apply the refund against Income Tax.
 
how do i claim for diesel expences on my vat return form or do i have to wait until the end of the tax year?