Hi, I have been asked to look into reclaiming VAT for someone who plays football, they said they have been told they are entitled to reclaim for the past 6 years? I cannot find anything on the HMR website if anyone knows anything about this?
Does he have the receipts for what he wants to reclaim?
Post on here the specifics of what he's trying to reclaim and we'll tell you exactly why he can't!
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
thought its was now 4 years maximum (increase from 3 recently?) anyways. Although if he has not been registered for the last 6 years then i cant see how you can move forward.
Can claim some vat on costs 6 months pre registration if thats what has been talked about. not sure as Shaun has said, details will be the key!
-- Edited by adi2402 on Friday 11th of June 2010 07:57:44 PM
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Forgive the typo's I generally do not proof read. Just lazy I guess!
You're right on both 3 and 4 years. It's 3 years + 1 which translates as the current year and three previous years.
Look forward to hearing the specifics of this one. Suspect it might be something similar to the situation of back claiming entertaining expenses that many people seem to have misread and misquoted.
As you say, for genuine errors you can go back but I'm pretty sure that this won't be.
Have a good one and talk soon,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
i can imagine a footballers vat registration and his claim on expenses like a pair of new boots,etc...i am just thinking about input and output taxes,can't see what is a footballer buying.i am too little for this sort of clients. regarding claims i think you can register voluntarily and you can ask to backdate(up to 4 yrs) your registration what hmrc might allows you might not.
i would not be surprised if the client was thinking about overpaid income tax :)
