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Help re VAT and unemployment

  • 11-08-2009 4:55pm
    #1
    WESTY123
    Closed Accounts Posts: 7 ✭


    I am setting up a new businness, I am currently uemployed but need to buy equipment and stock etc... Can I register for vat and continue to claim job seekers allowance, the businness is taking time to set up (months), but hope it will be up an running soon. Any advice appreciated


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    First thing you do is go to your local employment partnership. Tell them you are starting a business and want to switch from jobseakers benefit to back to work enterprise allowance. This is the scheme that allows you to keep your benefits while working towards setting up a business.

    Do not register as self employed or for VAT until you have sorted this out as to do so makes you ineligable for the scheme. Once you are registered, buy the equipment and claim back the VAT.

    Second thing - get yourself an accountant:D

    Dbran


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