VAT on pre-registration stock
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Rana55
Registered Posts: 4 New contributor 🐸
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?
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?
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Comments
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What do you mean by ‘purchased from the previous seller’?
And did they still have this stock at the time of registration?0
