Input VAT is the VAT you pay on purchases of good and services. Once a business is registered for VAT, this input VAT can be reclaimed as long as it relates to taxable supplies. Under specific circumstances pre-registration input VAT can be reclaimed.
In most cases the rules on reclaiming pre-registration input VAT on goods are as follows:
The conditions for reclaiming pre-registration input VAT on services is more restrictive that for goods:
VAT included in rent paid up to 6 months before VAT registration can be reclaimed. The case of Denise Jerzynek T/A Dale Interiors established that rents and similar services can be attributed to taxable supplies after the date of registration.
Alterledger can register your business for VAT and help you reclaim the pre-registration input VAT that you are entitled to.
Alterledger Limited is licensed by the Chartered Institute of Management Accountants and registered with the Information Commissioners Office.
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