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
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
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
If a customer doesn’t pay your bill you can get back any VAT on this that you’ve paid over to HMRC. But where do you stand if you’re withholding payment to a supplier because you’re in dispute with
them?
Published 16.07.2013
In 2011 HMRC changed its guidance on how much pre-registration VAT businesses can reclaim. However, in November 2016 it issued a statement saying its revised guidance was wrong. What’s the position
now?
Published 09.01.2017
Your bookkeeper has picked up on several purchases for which VAT hasn’t been reclaimed. Some transactions are several years old and reclaiming the VAT might involve more than you think. What’s
required?
Published 27.09.2018
The flat rate scheme has advantages for small businesses, not least the potential to reduce their quarterly VAT bills. However, one of the disadvantages is a restriction on reclaiming VAT paid on
some capital purchases. When does this rule apply?
Published 15.05.2023
You’re transferring your business to your new company which will then register for VAT. The company will take over the current business lock, stock and barrel, but does that entitle it to reclaim VAT
on purchases made by the old business?
Published 13.11.2013
You’re buying new IT equipment, mainly for use at home, but it will occasionally be used for work. Can you reclaim the VAT on the cost and is there any advantage in doing so?
Published 15.02.2018
You’ve got some old stock and office furniture clogging up your storeroom. It may not be in mint condition but it’s too good to throw away. If you take it home to use, or your company gives it to
you, what will the Taxman say?
Published 04.03.2011