vat
-
sadler2886
- Coin Op Group Veteren
- Posts: 245
- Joined: October 17th, 2009, 6:55 am
- Area Covered: wv,dy,ws
- Machines Used: tower
- Referred by?: internet
- Location: wolverhampton,dudley,walsall
vat
can you reclaim vat on stock orders if you are on the flat rate scheme?
-
Venderbase
- Coin Op Group Elite
- Posts: 1276
- Joined: January 20th, 2009, 12:19 am
- Area Covered: 1
- Machines Used: 1
- Referred by?: 1
- Location: Liverpool, Wirral, Chester
Re: vat
No. On flat rate you reclaim nothing apart from capital expenses over a certain amount (around 2k I think).
When you register though, you get to claim all vat spent over the last 3 years and this includes stock on hand.
When you register though, you get to claim all vat spent over the last 3 years and this includes stock on hand.
-
northern exile
- Newbie
- Posts: 11
- Joined: August 21st, 2011, 9:09 am
- Machines Used: Tower
- Referred by?: Google
Re: vat
Flat rate for confectionary is 4% (down to 3% for 1st year for new VAT registrations)