Commentary

V7.156A Claiming VAT after deregistration

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.156A Claiming VAT after deregistration

Part V7 Tax planning | Commentary

V7.156A Claiming VAT after deregistration

With regard to the use of Form VAT 427 to reclaim VAT on post deregistration expenses:

  1.  

    •     a claim cannot be made for any goods purchased after the registration has been cancelled – this is a reasonable rule because HMRC will not be receiving any output tax on these goods

  2.  

    •     a claim for services can only be made if the services were received for the purposes of the taxable business activities of the registration

  3.  

    •     any claim must be submitted with original invoices (copies are not accepted)

  4.  

    •     claims must be submitted within four

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial