It is possible to reclaim VAT you have paid on any business purchases before you have subsequently registered for VAT. In fact, once you have registered your business for VAT the first thing you should consider is the possibility of reclaiming input tax on purchases of goods and services prior to registration.
This article summarises the issues you will need to consider for the two categories: goods and services.
There’s a time limit for backdating claims for VAT paid before registration. From your date of registration, the time limit is:
- 4 years for goods you still have, or that were used to make other goods you still have
- 6 months for services
You can only reclaim VAT on purchases for...