The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Vat Return
Post Info TOPIC: Vat Return
alfie


Veteran Member

Status: Offline
Posts: 45
Date:
Vat Return
Permalink Closed

I have a client who is in his first year and has registered for volountary vat this year.

He registered for voluntary vat on 01/04/11, the certificate was not issued until 05/09/11 so his 1st quarterly is Sept-Nov ending on 30th November. He has gone over his deadline by a few days now.

What can he claim back.---Can he claim aything from between 1st April and 5th Sept, or even earlier that year when he started up

 

Advice Appreciated



__________________
kjmcculloch83


Expert

Status: Offline
Posts: 2085
Date:
Permalink Closed

You can claim Services in the 6 month before the date of registration, and purchases of assets for 3 years before the date of registration provided you still have them.

This is a short answer, someone will be along to add meat to the bones soon, but I need to dash.

Kris

__________________

BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 
alfie


Veteran Member

Status: Offline
Posts: 45
Date:
Permalink Closed

kjmcculloch83 wrote:

You can claim Services in the 6 month before the date of registration, and purchases of assets for 3 years before the date of registration provided you still have them.

This is a short answer, someone will be along to add meat to the bones soon, but I need to dash.

Kris

 Thanks



__________________
alfie


Veteran Member

Status: Offline
Posts: 45
Date:
Permalink Closed

ok he can claim things back 6 months before his registration.

He has not charged vat on everything in the 3 months Sept to Nov.

So how about his sales/service before the registration.

There is no vat charged on anything before that because he didn't know he was going to be doing it.  Am I 'barking up the wrong tree'



__________________
Amanda


Expert

Status: Offline
Posts: 1991
Date:
Permalink Closed

He can only charge vat on his sales invoices from date of registration, anything before that he can't charge vat for.

Anything like fuel he can't claim the vat back before the registration as its been used up so to speak ie its not an asset and is no longer with him.



__________________

Amanda
alfie


Veteran Member

Status: Offline
Posts: 45
Date:
Permalink Closed

Amanda wrote:

He can only charge vat on his sales invoices from date of registration, anything before that he can't charge vat for.

Anything like fuel he can't claim the vat back before the registration as its been used up so to speak ie its not an asset and is no longer with him.

 Thanks Amanda it's all coming together now



__________________
Amanda


Expert

Status: Offline
Posts: 1991
Date:
Permalink Closed

I'm sure someone like Bill will be on here later with more details on VAT, can't stop as meant to be studying!

__________________

Amanda
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> Vat Return
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About