Claiming tax back on a failed start up.

[Josh1712]

Hello,
2 years ago I was in the process of starting up a small online business when I was offered a new position with a bigger company. This meant with the new work load and relocation I was unable to continue with the online business.
Because It wasn't launched and I had never made a sale or any income from it I never registered the business or myself for tax. But I had allready paid out for a lot of start up costs (small amount of initial stock, Website, trademark etc), I was wondering if I was able to claim any of the VAT back even if it never made a penny?
Long shot I know.

[bd6759]

What happened to the stuff you bought?

[pawncob]

Was it registered for VAT? If it was you should have already claimed the VAT back (or penalties will have arrived on your doorstep)
If not registered, it's too late.
Same for Schedule D.

[Josh1712]

Never registered for VAT as a figured it wouldn't earn over the threshold and the stuff I bought is in boxes in the loft.