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VAT Reclaim FAQs
How to claim VAT back?
In order to claim VAT back you are required to show how much input VAT you have paid when you complete and submit your VAT return to Her Majesty’s Revenue and Customs (HMRC).
You can submit a VAT Return each quarter online on the HMRC’s website. You must detail how much VAT your business was charged that quarter for goods and services you are able to claim VAT on.
If a purchase is also for personal or private use, you can only reclaim the business proportion of the VAT.
Who can claim VAT back?
If you are registered for VAT then you are able to claim VAT back on goods and services you have purchased for business use. If your company is not VAT registered then you are unable to claim input tax.
How far back can you reclaim VAT on invoices?
You are entitled to reclaim VAT on goods that have been purchased 4 years before registration and invoices for services 6 months before registration. In order to reclaim, you are required to keep invoices for these payments as evidence to support your claim to the HMRC – these goods must have been bought by you as the entity registered for VAT.
What can I claim VAT back on?
You can claim VAT back on goods that are for business use which relate to standard, reduced or zero-rate supplies. To claim VAT back on services these must have been purchased by a VAT registered company and be used for taxable business purposes. You will be required to keep all invoices you receive as evidence to support your claim.