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A construction company is VAT registered. It has  no output vat to pay back to HMRC. Does this negate it from paying input vat to its sub contractors?

It doesn't sound correct to me??


Company issued shares which qualified for reliefs under EIS - three issues in a three year period.


  I have recently discovered that we did not claim VAT  amount of £225700 on the purchase of  our office building for £1.290,000 in June 2005.


Around 600,000 direct debits and other payments were held up by a computer processing problem,

Some clarification would be much appreciated!


I have been invited to an awards ceremony by my customer - so I can do some networking, she has sat me next to one of her suppliers - and feels if I make a good impression I will gain an important