questionText: To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the average time taken for HMRC to refund VAT to companies which have deregistered.
answerText: A deregistered company submits a form VAT427(Claim for input tax relief from VAT on cancellation of registration) to HMRC. On receipt of a correctly completed VAT427 form, on average HMRC takes 5 working days to issue a refund.
heading: Revenue and Customs: Repayments