{"id":49,"date":"2016-10-05T00:00:00","date_gmt":"2016-10-04T23:00:00","guid":{"rendered":"http:\/\/duffyregan.wpengine.com\/index.php\/2016\/10\/05\/claiming-back-pre-registration-vat\/"},"modified":"2016-10-05T00:00:00","modified_gmt":"2016-10-04T23:00:00","slug":"claiming-back-pre-registration-vat","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2016\/10\/05\/claiming-back-pre-registration-vat\/","title":{"rendered":"Claiming back pre-registration VAT"},"content":{"rendered":"<p>\n\tThe good news is you can reclaim VAT added to certain expenditure that was paid out prior to your business registration for VAT. HMRC&rsquo;s instructions on this issue confirm:<\/p>\n<p>\n\tThere is a time limit for backdating claims for VAT paid before registration. From your date of registration, the time limit is: 4 years for goods you still have, or that were used to make other goods you still have, and 6 months for services. It may also be possible to improve matters by backdating registration in some cases &ndash; although you would need to take into account potential output tax liability on sales not previously liable to VAT.<\/p>\n<p>\n\tYou can only reclaim VAT on purchases for the business now registered for VAT. They must relate to your &lsquo;business purpose&rsquo;. This means they must relate to VAT taxable goods or services that you supply.<\/p>\n<p>\n\tYou should reclaim them on your first VAT Return (add them to your Box 4 figure) and keep records including: invoices and receipts, a description and purchase dates and information about how they relate to your business now.<\/p>\n<p>\n\tYou can&rsquo;t reclaim VAT for:<\/p>\n<ul>\n<li>\n\t\tanything that&rsquo;s only for private use<\/li>\n<li>\n\t\tgoods and services your business uses to make VAT-exempt supplies<\/li>\n<li>\n\t\tbusiness entertainment costs<\/li>\n<li>\n\t\tanything you&rsquo;ve bought from other EU countries (you may be able to reclaim VAT charged under the electronic cross-border refund system)<\/li>\n<li>\n\t\tgoods sold to you under one of the VAT second-hand margin schemes<\/li>\n<\/ul>\n<p>\n\tYou will need to reduce your claim if goods or services have a mix of business and private use. There are also special rules for reclaiming VAT on single pieces of computer equipment, aircraft, ships and boats costing more than &pound;50,000; or land and buildings costing &pound;250,000 or more (before VAT).<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>The good news is you can reclaim VAT added to certain expenditure that was paid out prior to your business registration for VAT. HMRC&rsquo;s instructions on this issue confirm: There is a time limit for backdating claims for VAT paid before registration. From your date of registration, the time limit is: 4 years for goods [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/49","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=49"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/49\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=49"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=49"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=49"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}