Industry sector: Consumer services

Aerial installer: VAT repayments

HM Revenue & Customs (HMRC) may make VAT repayments to VAT registered businesses if they pay out more in VAT on their purchases than they charge on their sales.

This might happen if, for example, you were VAT registered and you spent a lot buying tools and equipment for your aerial services business but didn't take much money in the first few months of trading.

VAT registered businesses complete a VAT Return every quarter, setting the amount of VAT paid by the business against the amount owed to HMRC. If a repayment is due to you it will normally be paid direct into your business bank account. You can expect to receive your repayment around a month or so after you've sent in the Return claiming it.