Refunds of UK VAT for non-UK businesses (VAT Notice 723A)
RegCanary analysis of a HMRC publication
Why it matters
RegCanary's analysis of what this means for regulated firms.
Compliance teams should review eligibility criteria, documentation requirements, and submission timelines to avoid delays or rejections. Key actions include updating internal VAT recovery processes, ensuring accurate record-keeping, and training staff on the specific rules for non-UK entities. The guidance also highlights potential opportunities for cost recovery and improved working capital management.
Firms should assess their current claims and adjust strategies to maximize refunds while maintaining compliance with HMRC's requirements.
Who this affects
Sectors and firm types identified in the analysis.
- Payment Services
- Fintech
- Banking
- Investment Management
- Insurance
- Consumer Credit
- Wealth Management
- Corporate Finance
Source
HMRC
Original publication, 30 October 2026
Read the original publication gov.ukThis is RegCanary's analysis, not the regulator's text. It summarises and interprets the publication above; it is not the HMRC's original wording, and it is not legal advice. Always rely on the original source.