Equipment purchases prior to starting Ltd Co.

[SackmanandCo]

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

[ads1980]

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.

[mavster07]

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......