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Final VAT Return - Business Closing some of the assets very old do we include them?

Final VAT Asset How far back do we go?

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hi

we have ceased trading and in the process of completing our final VAT return. Confused on how far back to go with list of assets. Some of ours are quite old. Do we list them or is there an age limit. Example would be Green house Heater bought in 2005. Still working but would it have a value for VAT purposes.

many thanks

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Scalloway Castle
By scalloway
10th Sep 2016 16:57

Is the total value of your assets over £5,000? Personally I wouldn't bother ascribing a value to every single small bit of kit. I would list the big ones and add a line "sundry small items" and give it a value of a few quid.

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chips_at_mattersey
By Les Howard
10th Sep 2016 20:12

Technically, you do have to include any asset, irrespective of purchase date. But do give it a current value as Scalloway said.

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