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Flat Rate Scheme - Expenses (Short term lease)

£2k capital expenses

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A query for the forum.

Am I right in thinking that a short term lease of premises would not be able to be reclaimed under the flat rate scheme?  The expense charge is for rental of premises (3 months) and will not be capital in nature but a revenue expense direct to P+L.

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By hirshad
28th Sep 2016 15:44

You're right. It's an expense and therefore no VAT can be reclaimed.

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