You’ve set up a company to run a new business venture. It’s risky and may come to nothing. In the meantime the company is incurring significant costs. Can you recover the VAT, and if so when?
Published 22.01.2019
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
In a recent tribunal case the VATman used a different interpretation of the law concerning claims for pre-registration input VAT. Will this affect any claim you’ve already made or could make in
future?
Published 21.10.2004
You’ve formed a company to develop a new business unconnected with your existing firm. Even if it’s viable it won’t generate income for months or even more than a year. Can you register and reclaim
the VAT on development costs?
Published 14.11.2022
Registering for VAT can be voluntary or compulsory. Either way it will take time for HMRC to get you in the system and issue a registration number. How should you deal with invoicing your customers
during this period?
Published 28.03.2019
Your spouse has a business which has been doing rather well of late. So much so that its turnover will soon exceed the VAT registration threshold. However, you don’t want to register it for VAT. How
can you do this?
Published 29.03.2007
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
The VAT registration limit was lifted to £77,000 in the Budget You don’t have to wait until your turnover reaches this limit to sign up - did you know you can even register before you start trading?
What’s the advantage in this?
Published 19.04.2012
One of your businesses has been deregistered for VAT. However, a VAT invoice has now turned up which you need to pay. Is there any way you can claim the VAT back on such invoices?
Published 21.04.2005
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