Small VAT Payments

Posted by patvanaalst PM | on Thu, 14/04/2011 - 22:28 585 3 comments | report

Hello all

We are a VAT registered NFP Company but, due to the mix of VATable and non-VATable income, our quarterly VAT liabilities can fall to just £100's. I was recently told that if the liability is below a certain amount that it can be written back to the I&E and needn't be paid.

Is this true? I can't find anything on it, but that doesn't surprise me!

If it is, then can we reclaim past payments? And if so, how far back can we go?

Cheers everyone!

Pat

Comments

There are 3 comments. Login or register to view them.

Never heard of that one before.

SteveOH | Thu, 14/04/2011 - 22:51

£1

DMGbus | Thu, 14/04/2011 - 23:33

Annual returns

Malcolm McFarlin | Fri, 15/04/2011 - 17:44