Reclaiming VAT on old stock

I have a very small business with a very low turnover, which would not normally be VAT registered; however as I sell exclusively outside the EU, I registered for VAT at the outset of my self-employment, for the purpose of reclaiming VAT on purchases. I have some stock which I bought (initially for personal use and I still have the receipts, which qualify as retail VAT receipts) before I became self employed which I would like to introduce into the business for sale. I see it is possible to reclaim VAT on old stock acquired up to 4 years before you were VAT registered. However as I was not self employed during this period (ie not the same trading "entity"; not a trading entity at all, in fact!) I am guessing it will not be possible for me to reclaim the VAT on this old stock.

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Your sales are zero rated,

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Yes, I am a sole trader.

Olando |

On second return....

mackthefork |

Ha, yes!

Olando |

Thats true but....

mackthefork |

Deleted

Olando |