pre-registration input tax claims

pre-registration input tax claims

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I have been doing a lot of reading about this subject and there seems to be conflicting opinions. Does anyone have a good link or advise to what can and can't be claimed and at what proportion. HMRC guidelines seem very vague. 

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By Accountant A
06th Mar 2018 11:53

Which part(s) do you find vague?

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Replying to Accountant A:
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By ronaldcaincain
06th Mar 2018 12:02

I have read that you can claim 4 years on goods (you still own at the date of registration) and 6 months for services. BUT i have since read that HMRC want you to somehow proportion your claim down to reflect the value of the assets you could be claiming on. Has anyone else heard of this? here is the link. Its the "dave the decorator" section that i'm referring to.

https://www.taxation.co.uk/Articles/2015/06/05/333211/moving-goalposts

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Replying to ronaldcaincain:
By Ruddles
06th Mar 2018 12:17

It's unwise to rely on articles written nearly years ago. The goalposts have been moved back to their rightful place.

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Replying to Ruddles:
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By ronaldcaincain
06th Mar 2018 12:20

that article was from June 2015.

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Replying to ronaldcaincain:
By Ruddles
06th Mar 2018 12:44

Don't know what happened to the "3" :)

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