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Input VAT - can claim?

Input VAT - can claim?

I got confused: A self-employed has been trading since 2010. He bought a van in Nov 2011 - 100% business use. From 01 Jan 2012 he had to register for VAT. Am I right thinking that he can put on fist VAT return ( Jan-June 2012) vat he paid on van? Thank you

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By BKD
21st Jul 2012 09:33

Yes

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By zameer
22nd Jul 2012 12:23

Yes!

If the conditions below are satisfied:

The goods must be acquired for business purposes and should not be sold or consumed prior to registration.

The goods have not been acquired more than four years prior to registration.

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