Spam & Scams1 min ago
VAT Thresholds and claiming back from HMRC
1 Answers
What happens if you register for VAT as you think you will go over the threshold, and you start paying VAT. Then you don't actually go over the threshold and you deregister.
Can you claim back the VAT you paid HMRC in error?
Can you claim back the VAT you paid HMRC in error?
Answers
Only 1 answer
Best Answer
No best answer has yet been selected by admarlow_. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
No, it was not paid in error, you collected it. Businesses do not pay VAT they merely collect it from the end customer and give it to the revenue. If it was to be repaid, logically you'd have to go and give it back to all the customers you'd served in the interim, then you'd have to pay the VAT you'd offset on the return.
You can dergister but that is quite a tricky process and it does not undo any VAT payment/reclaim that occurred whilst registered.
You can dergister but that is quite a tricky process and it does not undo any VAT payment/reclaim that occurred whilst registered.
Only 1 answer
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.