Can VAT be claimed on supplies
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manfred
Apprentice
Joined: 26 Jun 2005
Posts: 4
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 Posted: 12/04/11 - 06:20 Post subject: |
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| I am just wondering about VAT and when a company is VAT registered, what kind of good it will get free of VAT. I am sure that there are people here who know about this. For example, on office supplies like staplers, staples, sticky tapes and so on and so forth. Can VAT be claimed back on these? |
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talbert1525
Apprentice
Joined: 10 Jun 2009
Posts: 2
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| Posted: 01/03/12 - 02:10 Post subject: |
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| Yes, of course these can be claimed back. These are company assets and as such do not have to have VAT paid on them. This is great of course, but the question is how much that really saves over the long run. Being VAT registered is complicated, in terms of the book keeping process. Paying an accounts also costs money. |
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