Indicator - FL Memo
Telephone: (01233) 653500. Fax: (01233) 647100 customer.services@indicator-flm.co.uk - www.indicator-flm.co.uk
Calgarth House, 39-41 Bank Street, Ashford, Kent TN23 1DQ VAT GB 726 598 394. Registered in England. Company Registration No. 3599719
[telephone_number] => (01233) 653500
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[city_county] => Kent TN23 1DQ
[country] => United Kingdom
[website1] => www.indicator-flm.co.uk
[loyalty_agent] => Gemma Rump
[loyalty_phone] => (01233) 438022
[city] => Ashford
[webshop] => http://www.indicator-flm.co.uk
[loyalty_time] => <strong>Contact online support for any issues relating to the use of this online solution</strong>, for example logging in, using the search facility, understanding how the resources differ, how to save content, etc. <br />
If you have a <strong>technical question</strong> about <strong>content</strong>, please contact our <strong>dedicated Helpline</strong>.<br />
Mariam, your online support, can be <strong>contacted during normal business hours</strong>:
[vat_name] => VAT
[vat_value] => GB 726 598 394
[website2] => www.flmemo.co.uk
[emailcs] => customer.services@indicator-flm.co.uk
[fax_number] => (01233) 647100
[street_number] => 39-41
[street_name] => Bank Street
[loyalty_mail_from] => Gemma Rump - Online support
[company_name] => Indicator - FL Memo Ltd
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Search - Tips & Advice Business Database
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?
You’re preparing your VAT return which includes VAT paid on an especially expensive purchase. Naturally, you want to reclaim it as soon as possible but the supplier has failed to send an invoice.
Must you defer your claim until you receive it?
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?
Even the VATman recognises that bad debts are an inescapable part of business life. But at what stage does he allow you to get the VAT back you’ve already paid on the debt?
Even the VATman recognises that bad debts are an inescapable part of business life. But at what stage in this current credit crunch will he allow you to get the VAT back on your bad debt customers?
A VAT expert recently reported that most businesses under-claim VAT each quarter, often by between 20% and 30% of the amount they are entitled to recover. If your company is one of these, how can you
fix the problem?
You must account for the full amount of VAT on sales even if your customer only pays part of your bill. Eventually you can claim the VAT back. But what’s your position where your invoice relates
entirely to VAT?
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?
During routine records checks HMRC first looks for mistakes which businesses commonly make. One target area is the VAT treatment of travel expenses. What should you be checking to ensure your VAT
returns are correct?
You’re planning improvements to your business premises. You’ll be using individual contractors for the work as they gave the best quotes. None of them is VAT registered which could mean you paying
hidden VAT. Why and how can you reclaim it?