InstantVAT
InstantVAT is a service provided by Adsum Technologies that allows you to apply for faster VAT refunds. You must be UK VAT registered to use InstantVAT.
You will be charged a 2% fee on any refund amount received using InstantVAT.
When you submit a VAT return where a refund is expected, you will be given the option to Get started with InstantVAT, this will redirect you to InstantVAT where you can sign up.
You can also access InstantVAT from the VAT dashboard, VAT summary, VAT return details, and Financial overview on the Dashboard.
After you submit your VAT refund it will need to be approved by HMRC. The refund will be paid as soon as it is approved by HMRC.
For more information please visit the Adsum InstantVAT knowledge base.