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Search results: 10 article(s) found in topic: Reclaiming VAT - keyword: Recoverable VAT

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FOREIGN PURCHASES

How can you reclaim VAT on foreign purchases?

If you don’t usually buy goods from abroad, you are probably unaware of how to go about reclaiming VAT you incur on those purchases. So how do you ensure you aren’t missing out on recovery? More...

HOLDING COMPANIES

New guidance for holding companies

VAT costs incurred by a holding company on the acquisition of shares have always been restricted by HMRC - but how has a European case made things easier? More...

RECOVERY VAT

When to claim back input VAT

Like most businesses, yours incurs a sizeable amount of input VAT. Normally you don’t have any problems reclaiming it. But what happens if you fail to claim it on time? What are the rules? More...

INPUT VAT RECOVERY

Latest HMRC attack on input tax recovery

It’s always been understood that to recover input tax the costs have to be incurred for a business purpose. But HMRC seems to be trying to narrow the definition of a business purpose. What’s the latest? More...

VAT RECOVERY

The need for a business purpose

When you purchase goods or services, you’ll normally pay input VAT. To be able to recover this tax there must be a clear business purpose behind the purchase. But what does this really mean? More...

ASSESSMENTS

How long to assess the business?

If your business is subject to an assessment, how long does the VATman have to carry it out? In fact, the rules are complicated and sometimes he gets them wrong. So what do you need to know? More...

VAT CASES

Reddrock Ltd v HMRC [2014] UKUT 61 (TCC). Disallowed input claims

REFUNDS

How to reclaim VAT you haven’t paid

If you make a refund to a customer, you can usually reclaim the corresponding VAT you accounted for on the original sale but not in every case. When are you not allowed to do this and how are the rules changing? More...

VAT LEGISLATION

Cases roundup

RECLAIMING VAT

Can we get it all back?

Just because your business is charged VAT it doesn’t mean you can automatically claim it back. Certain things are generally excluded from VAT recovery plus there are some specific exceptions. What’s to know? More...
Last updated: 19.07.2018

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