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Where Taxpayers and Advisers Meet

Reclaiming VAT on start up costs

Jambo55
Posts:131
Joined:Wed Jun 23, 2010 5:54 pm
Reclaiming VAT on start up costs

Postby Jambo55 » Mon Sep 26, 2016 7:59 am

Hi all,

I am in the processing purchasing quite a large amount of equipment for my currently non VAT registered business - I want to VAT register ASAP so that I can reclaim the VAT on this equipment, but my question is; is there a quick way to reclaim this input VAT or am I literally going to have to wait until the registration is complete and then until the end of my first VAT quarter, submit the return and receive a VAT reclaim - seems really long winded, so hoping there is a more efficient way? Any suggestions? Thanks JmB

pawncob
Posts:5099
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Reclaiming VAT on start up costs

Postby pawncob » Mon Sep 26, 2016 9:48 pm

With a pinch of salt take what I say, but don't exceed your RDA


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