VAT on pre-registration stock

Rana55
Rana55 Registered Posts: 4 New contributor 🐸
in VAT
Hi everyone,

Can a client who just registered for VAT claim the VAT back on VAT pre-registration stock purchased from the previous seller? Does the 4-year rule apply here? The client has provided the stock-taking sheet that shows the VAT and standard-rated stock but does not have any other proof.

Secondly, client already submitted first VAT can you still claim the VAT back on second return?

Comments

  • douglasstroud
    douglasstroud Registered Posts: 310 Dedicated contributor 🦉
    What do you mean by ‘purchased from the previous seller’?
    And did they still have this stock at the time of registration?
  • duncan123
    duncan123 Registered Posts: 15 New contributor 🐸
    Hi, we are building an automated tool to help businesses to identify both historical VAT risks and missed opportunities to claim VAT. It will sit above Xero, Quickbooks and SAGE and integrate seamlessly whilst keeping your data totally secure. Kind of like a 'quick VAT health check.' Just wondering if you'd find something like this useful? Thanks

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