I have a client who was registered for VAT effective from 01/02/2020, the first return was submitted by myself on Sunday (22/03/2020), the first period running 01/02/2020 - 31/03/2020. The returns going forward will be monthly as the client doesn't make taxable supplies that he can charge output VAT on, therefore we'll just be claiming small amounts of input VAT going forward, if anything at all. The problem is the client has had a large amount of set up costs which I have included on this first return, so I suppose my questions are:
1) Have I submitted the return too early? My client will not be trading until the end of the month due to lack of work at the minute for obvious reasons!
2) When is the earliest my client could expect the repayment to be received into his account?
The amount of the refund we're expecting is £124.
Thank you for your help in advance!