When submitting your first VAT return there are special rules where you may be able to reclaim the VAT of any goods or services prior to registration.

You can reclaim VAT paid on goods or services bought before you registered for VAT if you bought them within:

• 4 years for goods you still have or goods that were used to make other goods you still have
• 6 months for services

You can only reclaim VAT on purchases for the business now registered for VAT. They must relate to your ‘business purpose’. This means they must relate to VAT taxable goods or services that you supply.

If you have recently become VAT registered and are in need to complete your first VAT return, contact us!