Donate SIGN UP

Paying VAT on rent

Avatar Image
Lucozade_Lil | 12:15 Wed 20th Feb 2008 | Business
2 Answers
i'm currently looking for premises to move my shop into, and ione of the ones i've foud i would have to pay vat on the rent, although ive been told i can claim it back from the government, would i have to be registered for vat to do this, because i wasn't actually planning to register for vat. if i can't claim it back, it too expensive. any help appreciated
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by Lucozade_Lil. 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.
You would need to be VAT registered and dont forget once you are VAT registered you will have to add VAT to everything that you sell that is liable to VAT so unless its food or something exempt or zero rated your prices would go up by 17.5%
Question Author
yeah i know. i think you have to have a turnover of �64,000 before you actually have to be registered for vat by law, and i don't think i will its just, its in my better interests to be seeing as tho the landlord chrages vat.

1 to 2 of 2rss feed

Do you know the answer?

Paying VAT on rent

Answer Question >>