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Adsum is pioneering the tax AI space

QuickBooks – How it works

Get set up for instant access to your VAT refunds

1

Connect your QuickBooks Account

It takes less than 5 minutes. Let us know where you want your VAT refund sent and connect your HMRC account.

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Submit your VAT return

After your account has been set up, you or your accountant submits your VAT return through QuickBooks. You don’t have to change a thing!

3
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Receive your VAT refund in 60 minutes

That’s it! Receive your VAT refund in your bank account within 60 minutes of submitting the return.

Get set up for full tax services including VAT advances and Creative Industries Tax Credits

Our friendly, expert team are on hand to understand your company's needs and advise on the ways Adsum can help you. They're just a phone call away.
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FAQs

What's the difference between Instant VAT Refunds and VAT advances?

Instant VAT Refunds are available within 60 minutes of submitting your VAT return via your normal process. VAT advances are to cover the cost of paying VAT on a large purchase, such a commercial property, a fleet of vehicles or a large amount of stock for your business to sell. With a VAT advance we 'advance' you the money that you need to pay to cover the cost of the VAT. We are then reimbursed by the VAT refund from HMRC.

What information do I need to provide to get Instant VAT Refunds?

Just your HMRC account details (so we can see when your VAT returns are submitted) and the business bank account you'd like us to pay your Instant VAT Refunds into. It only takes less than 5 minutes to get this set up.

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What information do I need to provide to get a VAT advance or help with Creative Industry Tax Credits?

We need your company name and then we need you to link your banking and accounting software to our platform (read-only access). This is so we can see your transactions and validate your tax credit claims. We also need you to connect you HMRC account and do a legally-required ID check. It only takes a few minutes to set up online but our friendly and expert team will talk you through it first.

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Understanding VAT refunds and tax credits