Hi
Just a stupid question: My ltd is on the flat rate vat scheme. I can not claim vat on my purchases in general.
However I can claim vat on my purchases if they are for more than £2000 on a single vat invoice. I.e. if I buy a server in the UK for £2000 + £400 vat I can claim this £400 in my next vat return.
That is clear.
The question is if I buy something from the USA totaling >£2000 + VAT (USA VAT). Do I claim this vat back in the UK?
Just a stupid question: My ltd is on the flat rate vat scheme. I can not claim vat on my purchases in general.
However I can claim vat on my purchases if they are for more than £2000 on a single vat invoice. I.e. if I buy a server in the UK for £2000 + £400 vat I can claim this £400 in my next vat return.
That is clear.
The question is if I buy something from the USA totaling >£2000 + VAT (USA VAT). Do I claim this vat back in the UK?
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