Recent content by Akshaye
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VAT Reclaim - how far back can you go?
1) If you are VAT registered, even if you did not make any sales, you can claim input VAT that you paid. When you file your VAT return you will be refunded by HMRC. 2) It sounds you are asking how far back prior to VAT registration can you go to claim input VAT. It is 4 years for stock or...- Akshaye
- Post #5
- Forum: Accounts & Finance
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Paying tax on account ?
If your tax bill was £1,500 for 2021-22, you are required to pay £1,500+£750=£2,250 by 31 Jan 2023, and £750 by 31 July 2023. You would have therefore paid £1,500 by 31 July 2023, towards your 2022-23 bill. Good to know that you can apply for lower payment on account at the time of filing your...- Akshaye
- Post #9
- Forum: Accounts & Finance