Can I claim VAT on ..............?
VATBusiness owners may think that they can claim back VAT on everything they purchase which has VAT on it, but it may surprise them to know that VAT cannot be claimed on certain purchases.
Business owners may think that they can claim back VAT on everything they purchase which has VAT on it, but it may surprise them to know that VAT cannot be claimed on certain purchases.
As a VAT registered business you must provide a valid VAT invoice to your customer (or a till receipt with your VAT number).
As soon as you become VAT registered you need to find out when your first VAT return is due and the period which it covers.
HMRC have now made it easier to set up a time to pay arrangement which you can do through your online VAT account. There are, of course, provisos to setting up this arrangement online.
Some businesses may request a payment in advance for goods or services.If you are VAT registered it is important to know when you can claim back VAT on an advance payment. This is generally determined by the tax point which is either the date of the …
