Bank account on VAT certificate

**SimonMac** · 25 May 2011, 13:36

Originally posted by thunderlizard View Post

Just looked at my company's VAT registration certificate, for the first time in yonks. Why on earth did they put our bank account details on it?

To ensure you have a UK bank account?!

**thunderlizard** · 25 May 2011, 13:53

Oh, so they've got something to freeze if we miss a payment? That's as good an explanation as any, I suppose.

**lilelvis2000** · 25 May 2011, 14:13

No idea...but suppose they just want you to be sure that the DD that's setup is to the proper account.

**minsky1** · 25 May 2011, 15:58

They use that account detail for VAT refunds.

Any payment you make to them is not cross referenced to this account.

**thunderlizard** · 25 May 2011, 16:22

Hmm. These are all decent reasons why they need to know the bank details, but not for splashing it on the actual certificate.

Maybe so that if customers ask to see my VAT certificate, and I'm asking them to pay the VAT into a different account, they can tell something funny's going on?

Bank account on VAT certificate