There's little doubt I have intention to trade, I guess the delay I'm currently going through, regarding retrospectively reclaiming VAT is part of the process of evidencing that, along with initial registration.
Thank you for the pointers. The accounts have been relatively simple thus far, I actually started the process of VAT registration back in Spring, so have had already lots to answer. I appreciate the advice.
thanks for your response lionofludesch. Yes the purchases have all been added up and sent to HMRC, a mix of goods & services.
The accounts have generally been done, it’s just the retrospective VAT element I’m unsure of. Correspondence (HMRC) has mostly been about an amount I hope to reclaim.
I’m guessing I probably will have to revisit my accounts once submitting them as I’m awaiting official word.
My answers
There's little doubt I have intention to trade, I guess the delay I'm currently going through, regarding retrospectively reclaiming VAT is part of the process of evidencing that, along with initial registration.
Thank you for the pointers. The accounts have been relatively simple thus far, I actually started the process of VAT registration back in Spring, so have had already lots to answer. I appreciate the advice.
Yes, they’ve accepted the company VAT registration, though longer than I expected to reclaim input VAT.
Sorry I don’t fully understand the question, I try to list everything, unless items are exempt.
I’m looking to reclaim around £500 of input VAT, the services like; web hosting, phone bills etc.
Yes I still have those goods purchased (stationery etc), the services, of course used as is a retrospective VAT claim & registration.
It’s both
As I understand it; by HMRC definition, I’m not considered to be trading, I expect I might be soon.
So haven’t been informed, perhaps when I start to pay CT & first VAT return resolved, then maybe I’ll be considered as trading.
thanks for your response lionofludesch. Yes the purchases have all been added up and sent to HMRC, a mix of goods & services.
The accounts have generally been done, it’s just the retrospective VAT element I’m unsure of. Correspondence (HMRC) has mostly been about an amount I hope to reclaim.
I’m guessing I probably will have to revisit my accounts once submitting them as I’m awaiting official word.
Thanks, working on it now
Thanks so much, greatly appreciated!