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Equipment purchases prior to starting Ltd Co.

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    #11
    you can actually go back 3 years for equipment, it is services that is 6 months

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      #12
      I havent yet reclaimed the expenses as there is not enough in the LTD to do so but I guess I can claim the VAT back. I am not on the flat rate VAT scheme either.

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        #13
        Originally posted by SackmanandCo View Post
        if you are a contractor, it is normally beneficial to be on the flat rate vat scheme
        Why is joining the flat rate scheme better ? Aside from the paperwork issue of course......

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