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Architect: VAT repayments


VAT repayments may be made to VAT registered businesses if they pay out more in VAT on their purchases of goods and services than they charge on their sales.

You complete a VAT Return every quarter, setting the VAT you have had to pay against the VAT owed to HM Revenue & Customs (HMRC). If a repayment is due to you it will normally be paid direct into your business bank account a month or so after you have submitted the Return claiming it.

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