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Pre-registration input VAT (goods) – Claim back 3 or 4 years?

Forums › ACCA Forums › ACCA TX Taxation Forums › Pre-registration input VAT (goods) – Claim back 3 or 4 years?

  • This topic has 3 replies, 4 voices, and was last updated 15 years ago by isobel84.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 24, 2010 at 11:42 am #44097
    sh
    Member
    • Topics: 3
    • Replies: 11
    • ☆

    I’m using Kaplan’s text book and exam kit for F6. In the book it says Pre-registration input VAT (goods) can claim back 4 years, while the answers in the exam kit all says 3 years. I have watched the Opentuition video lecture for VAT. It also says 4 years.
    I am now completely confused. Someone please help me.
    If this does come up in the exam. I hope all of you get it right 🙂

    May 29, 2010 at 9:29 pm #60963
    d019452
    Member
    • Topics: 1
    • Replies: 30
    • ☆

    I believe it is 3 years. But I’d presume if you had to charge VAt on an item you had in stock earlier than this then HMRC would prob allow you to claim vat back on the purchase. I doubt there will be a senario on this, but if asked I would state 3 years. 6 months for services.

    May 31, 2010 at 5:35 am #60964
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 2
    • ☆

    input vat on registration is claimable upto 36 months pre-registration.

    May 31, 2010 at 6:30 pm #60965
    isobel84
    Member
    • Topics: 1
    • Replies: 16
    • ☆

    it is 4 years however these are the new rules and are quite new – its used to be 3 years.
    the rules are 4 years for capital items and goods and 6mths for services

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