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The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> VAT Reclaim
Post Info TOPIC: VAT Reclaim
KAZ


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VAT Reclaim
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My client was a sole trader before selling the company and it becoming a limited company and him remaining as a director.

During the period of sole trading, a supplier invoice was in dispute, a court order was made after the company went limited and the Judge decreed that the VAT could be claimed back (last week).


What I need to know is, can the reclaim be made through the limited company?  The invoice is dated 2 years ago. If not, how can it be claimed back?  Any help gratefully received.



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Robert Pearce


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When the business was transferred to the limited company, was the VAT number transferred along with it?  If so, then I don't see why the limited company couldn't reclaim the VAT.

If the sole trader deregistered for VAT and the limited company has a different VAT number, then there is guidance on the HM Revenue & Customs website about when VAT can be claimed following deregistration.



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Pearce & Co - Chartered Accountant and Chartered Tax Adviser 

www.pearceandcoaccountants.co.uk

These comments are outline only and are not a substitute for specific professional advice.
KAZ


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Posts: 70
Date:
Permalink Closed

Thank you so much.

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