Hi,
I am a few weeks away from starting my own business with which I intend to become VAT registered.
Today I was contacted by someone I know and trust with a very good deal on some equipment I need to invest in for the business. I know this is from a trusted source, brand new and all above board.
Can I buy this equipment today (cost inc. VAT approx. 5K) and then reclaim the VAT once my new business is up and running and VAT registered? Or can I only claim for new purchases after the date my business is officially VAT registered?
It's buy now or lose out!
Thanks, Sarah