Generally, when a business registers it can reclaim VAT paid for goods on hand. There’s also scope for reclaiming VAT on services received before registration but tough conditions apply. What exactly
are you allowed to claim for?
Published 06.09.2012
Although the law on taxing new builds was set in tablets of stone back in 1992, the VATman still tries to “cheat” taxpayers on occasions. If he tries to take the shine off your speculative venture
what should you do?
Published 05.05.2005
You’re completing your company’s first VAT return and have asked HMRC whether you can reclaim the VAT on software you bought about a year ago. It has told you “no”, but is it correct?
Published 16.09.2014
The European Court of Justice (ECJ) recently delivered a shock decision which could open the way for UK businesses to reclaim the VAT paid on goods they bought and used before they were registered.
What’s the full story?
Published 12.11.2010
It’s common for new businesses to incur hefty start-up costs. While you can claim a tax deduction from profits for these, tricky rules mean you might not be entitled to reclaim all the VAT. What
steps can you take to maximise the VAT recovery?
Published 30.04.2015
Many new companies incur significant amounts of input VAT on start-up costs before they make any taxable supplies. Do you really have to wait to get your cash back from the VATman?
Published 30.03.2006
When you start a new business venture, it usually involves incurring certain costs before the company has even been formed let alone registered for VAT. So how far back can you go?
Published 25.10.2007
You know that there is more input VAT to claim for this VAT return but you haven’t got all the paperwork in yet. Do you have to wait until your next VAT return to claim this, or is there a way to get
the VAT back now?
Published 25.05.2006
You’re thinking of branching out into a new trade to complement the existing one. You’ve incurred costs on research and feasibility but if you decide not to go ahead are you entitled to recover the
VAT paid on these?
Published 30.06.2021
Your bookkeeper has found a batch of purchase invoices on which VAT hasn’t been reclaimed. They date back a few years and you think that it may be too late to reclaim the VAT. What is and isn’t
allowed?
Published 22.06.2020