Can a charity reclaim past input vat on lease of building?
Client is a recently registered charity. It was incorporated on 30/9/2007 but only became a charity in October 2012. HMRC has written to them saying that they would be recognised as a charity with effect from 30/9/2007.
The charity leases a building for its charitable activities and the landlord has been charging vat on the rentals. Had it been a charity since incorporation then it would have been exempt from Vat on rents.
Is there scope under the relevant rules to reclaim the vat paid on rentals, in light of HMRC's back dating the charity status to when the company was incorporated?
The Charity is not vat registered.
Thanks for advice
- Holiday pay calculator for client use? 319 4
- New Company reviews please 420 11
- How do you pay Inheritance Tax when HMRC haven't demanded it 163 2
- CIS not deducted 282 5
- Director registration for SA question 188 9
- Is there no lower level to the work a lawyer would take on. 770 26
- Tax on LLP members drawings not covered by future profits 363 14
- Car Capital Contribution 172 2
- cgt quoted shares losses 186 1
- LLP and corporate members - timing differences impact on corp tax 62 2
- VAT FRS percentage for sales person? 198 3
- Money Laundering Manual 244 10
- As I was saying, Its VAT question day 341 8
- VAT with Russia 94 1
- Scientist switch to accountancy - work experience? 1,026 28
- Penalties for late PAYE scheme 180 2
- Worst corporate entertaining events? 1,128 9
- CGT on Let Property 224 4
- Business only use of company car 577 22
- valuation of vehicles 296 14
- RTI Rollback to delete incorrect data 276
- Motor Traders Assistant Bookkeeping Programme queries 234
- Vouchedfor.co.uk 233
- Tracesmart/Lexis Nexis AML software? Any opinions? 207
- Any thoughts on Capium? 191
- Expenses Software 186
- auto enrolment 173
- Sage Compatible P60's Self Seal 168
- How to account for investment in JV? 146
- Continuity of practice-ACCA 145