Did you know that if you have registered your business for VAT, you can claim any VAT you paid before your effective date of VAT registration (EDR)? This is called pre-registration VAT and it can add up to a very high VAT return if you take the time to understand how it works and how to claim it back correctly.
Source: bluedotcorp.com
Latest Posts in "United Kingdom"
- UK Considers VAT Cut on Domestic Fuel: Targeted Relief or Broad Measure?
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
- Navigating UK VAT: Key Considerations and Pitfalls in Exporting Goods
- HMRC’s New VAT Error Correction Rules: Stricter Penalties and Reporting Changes Explained
