Friday afternoon question. VAT

T.C.
T.C. Registered, Tutor Posts: 1,448
It is Friday! My client has gone VAT registered from 1st November. Can he claim the VAT back on a van purchased approximately 2 years ago? All of it, some of it? I just can't remember. Thanks.

Comments

  • JJH1969
    JJH1969 Registered Posts: 110 ? ? ?
    Input tax suffered on goods prior to registration can be claimed under the following conditions:
    (a) they must have been acquired for the purpose of the business
    (b) must not have been supplied onwards or consumed before registration
    (c) Incurred in 4 years before registration
    You will need the VAT invoice and if there is any non business use you need to apportion the VAT.
  • T.C.
    T.C. Registered, Tutor Posts: 1,448
    Thank you. That is great!
Privacy Policy