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VAT Question

  • 13-09-2006 8:27am
    #1
    mkdon05
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭


    hey Guys,
    If a sole trader is filling in the TR1 form to register for vat and they opt to register from september but have been trading from may (but not charging vat on their invoices) can they use all there purchase receipts from may - sept in the vat period sept/oct?


Comments

  • #2
    kluivert
    Registered Users, Registered Users 2 Posts: 2,399 ✭✭✭kluivert


    I like these questions.

    " Can I eat loads and loads of chocolate and not get fat "

    The answer is no - short and sweet. Sorry.

    If you do that and the revenue take a look at it and see that you didnt add on the vat on your sales but claimed the vat back on the purchases, what are you going to tell him.

    At the end of the day its up to you though.

    However you are allowed pre trading expenses before the date of regsiteration (TR1).


  • #3
    mkdon05
    Registered Users, Registered Users 2 Posts: 766 ✭✭✭mkdon05


    thanks for the reply,
    The guy will be registered as trading from may, but only charging vat from sept. If he was to register for vat from May, could he have a sales vat figure of 0 for may/june and july/aug as he hadn't charged vat?


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