Research exploring VAT repayment methods
Mixed methods research exploring business decision-making around VAT repayment methods.
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VAT repayments are paid either directly바카라 사이트¯into businesses바카라 사이트™ bank accounts (BACS) or by payable order.바카라 사이트¯The majority of payments are made directly into business bank accounts. However, at the time of research, one in five VAT repayments are still being made by payable order. Â
HM Revenue and Customs (HMRC) commissioned Yonder to conduct mixed methods research to understand why this method is used. The research aimed to understand barriers to switching from payable order to BACS VAT repayments and explore solutions to encourage more businesses to move to BACS VAT repayments. All fieldwork took place between August and December 2023.