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The time now is 05/17/08 - 13:47

VAT Flat Rate scheme question


RealCool.BIZ Forum Index -> Tax -> Value Added Tax / Goods and Services Tax

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paquito
Apprentice


Joined: 05 Jan 2007
Posts: 8



PostPosted: 10/02/07 - 06:40    Post subject: Reply with quote

In order to let several assets, I’ve bought them very recently in VAT inclusive value and I would like you to tell me if it’s possible to get it recovered in normal way. I think that I’ve heard how such thing is possible, even though it seems a bit unreal to me. So if you have information on this thing, than I’d appreciate your answer.
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keir
Apprentice


Joined: 27 Jun 2006
Posts: 4



PostPosted: 11/16/07 - 22:19    Post subject: Reply with quote

For as much as I’m involved in VAT flat rate scheme, I believe that they have such option. But if you are planning to let your assets, there is a question of leasing and reselling also, I don’t think that you have that privilege. But, you should ask around for more secured info. There are ways to go around some rules, if you are good at planning in advance.
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RealCool.BIZ Forum Index -> Tax -> Value Added Tax / Goods and Services Tax

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