Tax Refund Services Offered

At Tax Payment Services Ltd, we help businesses recover unclaimed funds, maximise tax efficiency, and maintain full compliance with HMRC regulations. Many companies miss out on legitimate refunds simply because they aren’t aware of what they’re entitled to. Our team combines decades of VAT and tax expertise with advanced AI technology, ensuring you reclaim every opportunity without delay or risk.

VAT Recovery

Many businesses are unaware they could be entitled to substantial VAT refunds. Our AI-powered system scans invoices, financial records, and HMRC submissions to identify overlooked claims, making sure you recover every penny owed – quickly, accurately, and hassle-free.

Capital Allowances Claims

If your business owns commercial property, you may qualify for capital allowances tax relief on fixtures, fittings, plant, and machinery. Using AI-assisted analysis, we identify qualifying assets and secure thousands in tax savings, optimising your capital allowance claims with precision.

R&D Tax Credits

Innovation comes at a cost, but it can also generate refunds. Businesses investing in research and development can claim back a percentage of eligible expenses through HMRC’s R&D tax credit scheme. Our AI-enhanced systems streamline data collection, identify eligible projects, and manage the process end-to-end, ensuring maximum refunds with minimal disruption.

Corporation Tax Overpayments

Many businesses overpay corporation tax due to miscalculations or unclaimed reliefs. Our AI-driven analysis reviews your accounts and tax submissions to identify overpayments and recover funds efficiently, helping you reinvest in growth.

Import & Export VAT Reclaims

For businesses trading internationally, VAT on imports and exports can be complex. Our AI-powered tools track cross-border transactions, uncover reclaimable VAT, and ensure full compliance with HMRC and EU rules.

More Than Just Tax Recovery

Our services go beyond refunds. From VAT audits and compliance reviews to AI-assisted advisory services, we combine human expertise with cutting-edge technology to help your business save, reclaim, and grow.

✅ Faster claims with AI automation
✅ Detailed checks to prevent missed opportunities
✅ Full compliance with HMRC regulations
✅ Advanced analytics to optimise tax efficiency
✅ A dedicated expert team guiding you at every step
✅ Scalable solutions for businesses of all sizes

With Tax Payment Services Ltd, you’re not just reclaiming taxes – you’re gaining a strategic partner that leverages AI and expertise to maximise refunds, reduce risk, and streamline your tax processes.

Frequently Asked Questions (FAQs)

What is the difference between input tax and output tax?

Input tax is the VAT your business pays on goods or services you purchase, which can often be reclaimed from HMRC. Output tax is the VAT your business charges and collects from customers on your sales. Accurately accounting for both is essential for VAT returns. At Tax Payment Services Ltd, we use expert knowledge and AI-driven checks to help you manage this process smoothly.

How often do I need to submit VAT returns?

Most businesses submit VAT returns quarterly, although monthly or annual submissions may apply depending on your circumstances. Timely and accurate submissions are vital to avoid penalties and manage cash flow. Our VAT specialists – supported by AI tools – streamline the entire process to keep your business compliant and efficient.

What records do I need to keep for VAT purposes?

You must keep detailed records of:

• Sales and purchase invoices

• VAT invoices

• A VAT account

• Import and export documentation (where applicable)

These records are essential for VAT returns and HMRC audits. Our experts advise on best practices for VAT record-keeping, while our AI systems organise and check records for accuracy, reducing risks and saving time.

Can I claim VAT back on purchases made before VAT registration?

Yes. You can reclaim VAT on certain pre-registration purchases if you meet HMRC’s deadlines:

• Up to four years for goods you still own (or that were used to make goods you still own)

• Up to six months for services

With proper records and receipts, you may recover significant amounts. We guide you through the rules and use AI checks to ensure no valid claims are missed.

What are the risks of not complying with VAT regulations?

Non-compliance can result in:

• Penalties and interest charges

• Increased scrutiny or HMRC audits

• In serious cases, legal action

Common issues include late or inaccurate returns, underpayment, or misapplied VAT rates. Our services are designed to eliminate these risks through robust compliance checks and AI-powered validation.

How has Brexit affected VAT for UK businesses trading with the EU?

Brexit introduced major changes for VAT on EU trade, including:

• New customs procedures

• Additional reporting requirements

• Different VAT rules for goods and services

We help businesses adapt to these changes and use smart technology to simplify cross-border VAT management.

What if I disagree with a VAT decision from HMRC?

You can request a review of the decision or appeal directly to the Tax Tribunal – but strict time limits apply. Our team provides guidance throughout the dispute process, preparing evidence and liaising with HMRC on your behalf.

Do I have to charge VAT on all goods and services?

No. Some goods and services are:

• Zero-rated (0% VAT)

• Reduced-rated (5% VAT)

• Exempt from VAT altogether

Understanding which category applies to your products or services is crucial. Our VAT specialists provide clarity and ensure you’re charging the correct VAT rates, avoiding costly mistakes.

How can I improve my business’s VAT efficiency?

Improving VAT efficiency involves:

• Reclaiming all eligible input tax

• Taking advantage of VAT reliefs

• Implementing efficient VAT planning and reporting

At Tax Payment Services Ltd, our combination of human expertise and AI automation helps you uncover missed opportunities, improve compliance, and reduce administration.