- Article discusses activities before a business VAT registers
- Covers VAT registration, sales, and purchases
- Businesses cannot charge or show VAT on invoices before receiving a VAT number
- Input tax recovery for purchases made before registration has time limits
- Input tax can only be reclaimed on the first VAT return
- Opportunity to backdate the Effective Date of Registration (EDR) for additional VAT recovery
- Irrecoverable VAT includes goods completely consumed before registration and exempt supplies
- Special rules for partially exempt businesses and Capital Goods Scheme items
Source: marcusward.co
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
