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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I import child clothing, which is exempt from vat. But I am

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I import child clothing, which is exempt from vat. But I am charged at the custom. I could get this money back. Can I register for vat just to get this money back and the money for services (i.e website costs).
Submitted: 11 months ago.
Category: Tax
Expert:  taxadvisor.uk replied 11 months ago.
Thank you for your question..Please clarify for me..DO do sell only VAT exempt goods? Many thanks
Customer: replied 11 months ago.
yes i do sell the online, but at custom they charge me. So I am entitled to get the money back. can i register only to get this money back?
Expert:  taxadvisor.uk replied 11 months ago.
Thank you for your reply.Selling of young children's clothing and footwear is zero-rated for VAT purposes as outlined in VAT Notice 714 herehttps://www.gov.uk/government/publications/vat-notice-714-zero-rating-young-childrens-clothing-and-footwear/vat-notice-714-zero-rating-young-childrens-clothing-and-footwear You can make register for VAT voluntarily if your turnover is less than £83,000. You would then be able to reclaim VAT on purchase of goods and services.More information on VAT registration is covered herehttps://www.gov.uk/vat-registration I hope this is helpful and answers your question.If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Customer: replied 11 months ago.
thank you very much for this, i knew everything about the threeshold limit and what should pay vat or not. I need just to be 100% sure that I can register only to get money back. At the moment I would need to register only to get money back for vat i should not pay and for the VAt I pay on services. Is it possible to register only to get the money back?
Expert:  taxadvisor.uk replied 11 months ago.
Thank you for your reply.You can register for VAT provided you are making taxable supplies (standard rated or zero-rated).You would be able to reclaim VAT input although you have no VAT output at present. I hope this is helpful and answers your question.
Customer: replied 11 months ago.
is there a limit on the input i can claim?
Expert:  taxadvisor.uk replied 11 months ago.
Thank you for your reply.There is no limit provided VAT paid on all expenditure is for business purposes. I hope this is helpful.
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4883
Experience: FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Customer: replied 11 months ago.
yes, I am happy to rate you now
Expert:  taxadvisor.uk replied 11 months ago.
I thank you for accepting my answer. best wishes.
Expert:  taxadvisor.uk replied 11 months ago.
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