Basic V.A.T question....

Oct 30, 2003 3 Replies

Basic V.A.T question....



I started my business in June of this year , i did not expect to of reached my V.A.T limit so soon , so i have registered for V.A.T , but can you tell me please , will i have to pay VAT since the start of my business in June , or do i start to pay VAT after i have registered?


You should probably start to pay from the date you registered, assuming you didn't exceed the registration threshold before this date. As the VAT people can get very upset if you do the wrong thing, you should ask them directly if you are in any doubt.

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You'll get a VAT return and you pay it when it says it has to be in by unless you are asking for a refund.

Actually I think you don't know what you have to do regarding VAT and you may be better off getting someone to do it for you.

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can you tell

business in June ,

You should be accounting for VAT from the date of your VAT registration on sales, and no earlier - unless you should have been registered earlier;-)

You should, however, be able to recover some pre-registration input tax too.

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