Capital Recovery Service Secures £48,000 in Overpaid Tax Refund for UK Business
Location: United Kingdom – London Amount Recovered: £48,000 Year: 2024 Case Type: Overpaid Corporation Tax & VAT
Before:
A medium-sized construction company in London had been overpaying both corporation tax and VAT for several years due to accounting errors and the misclassification of certain expenses.
Despite hiring an accountant, the company was unaware that they had been missing out on substantial tax relief for capital allowances on equipment purchases and incorrectly charging VAT on certain zero-rated services.
The company’s finance director initially believed reclaiming the money from HM Revenue & Customs (HMRC) would be impossible without triggering a lengthy audit a common fear for UK businesses.
Our Role at Capital Recovery Service:
When the company approached Capital Recovery Service, our tax recovery specialists conducted a full forensic review of their financial records for the last four tax years.
We:
Identified the specific overpayments in corporation tax.
Corrected VAT errors and compiled the evidence for reclaim.
Prepared a fully compliant HMRC claim submission with all necessary supporting documents.
Liaised directly with HMRC case officers to ensure swift processing.
Our Role at Capital Recovery Service:
Due to the sensitive nature of asset recovery, we never disclose personal or company identities without explicit consent.
After:
Within 12 weeks, HMRC approved the claim and issued a £48,000 refund to the business. This recovery not only improved the company’s cash flow but also allowed them to reinvest in new machinery and expand operations.
Why This Matters:
Demonstrates Capital Recovery Service’s expertise in both tax investigation and HMRC negotiations.
Shows that even established businesses may be sitting on thousands in unclaimed tax refunds.
Proves that professional tax recovery can be completed without triggering unnecessary audits when handled correctly.
Capital Recovery And Assets Services
Financial Loss and Assets
If you suspect you’ve overpaid tax in the UK, Capital Recovery Service can help you claim what’s rightfully yours quickly, legally, and with minimal disruption to your business.