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"
- VAT Rules for Workwear, Uniforms, and Staff Clothing: What Businesses Need to Know
- Understanding E-Invoicing: Benefits, Challenges, and the Future for UK Businesses and Government
- How Overseas Businesses Can Reclaim UK VAT: Eligibility, Deadlines, and Key Conditions
- Beginner’s Guide to UK VAT: Registration, Rates, Exemptions, and Record-Keeping Explained
- UK Tribunal Overturns VAT Fraud Penalty, Clarifies Input VAT Deduction Rights for Taxpayer
