HMRC continually monitors its performance for processing and making VAT repayment returns (refunds). It processes around 2 million repayment returns annually. Over 90% of all repayments are authorised within 10 working days of receipt.<\/p>
<\/p>
As part of its responsibilities for the care and management of the VAT system, HMRC is required to make reasonable enquiries prior to making a repayment to prevent VAT fraud, which is damaging to the UK economy. It gives high priority to checking repayment returns as it is aware of the importance of cash-flow to smaller businesses.<\/p>
<\/strong><\/p> In circumstances where HMRC takes over 30 days to process a repayment return, a Repayment Supplement is paid. Repayment Supplement is due on less than 1% of repayments received.<\/p> <\/strong><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3935", "label" : {"_value" : "Biography information for Mel Stride"}
}
, "answeringMemberConstituency" : {"_value" : "Central Devon"}
, "answeringMemberPrinted" : {"_value" : "Mel Stride"}
, "dateOfAnswer" : {"_value" : "2018-11-09", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2018-11-09T14:59:36.723Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2018-11-01", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "VAT: Repayments"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what recent assessment he has made of levels of performance in processing and paying VAT refunds.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4648", "label" : {"_value" : "Biography information for Laura Smith"}
}
, "tablingMemberConstituency" : {"_value" : "Crewe and Nantwich"}
, "tablingMemberPrinted" : [{"_value" : "Laura Smith"}
], "uin" : "187134"}
], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]}
}