How quickly will the VAT man cash my cheque?

[spikeyhead]

I posted my VAT retrun yesterday, realistically they'll get it today. Now there's some more money coming in on Friday. Are teh VAT people going to cash teh cheque before then or do I need to transfer some money from my business savings account?

[oilandwater]

I posted mine yesterday too, they are usualy VERY quick. The bank seems to process them quicker than anyone else. Don't know how they manage to do it so fast, must be a Government thing. You can bet your bottom dollar it's Thursday. HTH

[JakeR]

In my experience, they do it VERY quickly, and the cheques seem to clear in record time. I would make sure the funds are in your cheque account...

hth

JakeR

[Hobo]

Sorry for stating the obvious, but why didn't you post payment Thursday ?

[spikeyhead]

Hobo said:

Sorry for stating the obvious, but why didn't you post payment Thursday ?

Its an obvious statement to make, and I'll give the reply that a commerial airline pilot gave the East German military when flying the wrong way out of Berlin.

Sheer incompetance.

[ginettag27]

that's incompetence

[Hobo]

It will be fine anyway.

You could always phone them to advise them (they aren't as bad as all that as long as you're up front with them).

[kong]

i posted mine friday, its just come out of my account today

[Brown and Boris]

I do the returnonline and pay by DD or BACs or something; gives you 5 weeks from the return due date before they take it.

[oilandwater]

Brown and Boris said:

I do the returnonline and pay by DD or BACs or something; gives you 5 weeks from the return due date before they take it.

I'm sorry I'm thick!, 5 weeks from the due date? Do you mean that if payment is due on 31st January you can delay payment for another 5 weeks. I'm not taking the mickey, I just don't know.

[peterguk V6 KWK]

AFAIK, you get 7 extra days (including weekend days), if you pay online. Not 5 weeks!

[Eric Mc]

Correct.

Been in place for years.