This article explains how you can ensure HMRC has the correct bank details for processing your VAT refund.
It is important to inform HMRC if you intend to change your bank details at least 14 days in advance.
If you pay your VAT by Direct Debit, you must also inform your bank to change your Direct Debit details – but not within five banking days before or after your VAT return is due. However, if you use the Annual Accounting Scheme, you must write to the Annual Accounting Registration Unit to change your Direct Debit details. It is vital to include your registration number in the request.
The process of changing your bank details
You can change your details in the following ways:
You can make changes online via your VAT online account. To change your details online, follow the following steps:
You can fill out form VAT484 to tell HMRC if any of the business details on your VAT registration application have changed. Consequently, you can send it to:
HM Revenue and Customs
It is crucial to remember that replies may take longer than 15 working days.
You can speak to an HMRC adviser online (webchat) to change your banking details. When an adviser is available, a link saying ‘speak to an adviser’ will appear.
Click on the link immediately to open the chat and speak to an adviser, or you will have to wait for the next available adviser.
Webchat is open on Monday to Friday, 8 am to 6 pm and closed on weekends and bank holidays.
Before you make a call- it’s important to remember HMRC helpline may ask you some security questions. Because of this, ensure your personal details and address are up to date in your personal tax account, or you could fail telephone security.
Since the helpline uses speech recognition software, you will be asked why you are calling HMRC. Try to answer with short phrases and words, for example – you can say ‘change my bank details.’
Use these telephone details to call HMRC:
In the UK:
0300 200 3700
Outside the UK:
+44 2920 501 261
You can also use Relay UK if you cannot hear or speak on the phone: dial 18001 then 0300 200 3700.
HMRC’s phone line opening hours are Monday to Friday: 8 am to 6 pm and closed on weekends and bank holidays.
Feel free to contact us for all your VAT inquiries.