Reclaiming Vat

mallethead

I'm non registered for Vat
i put up a shed and got a slatted tanks put in
and i sent in the form with all my reciepts
I recieved the reciepts back and a note saying i would recieve payment shortly,anyone know how long this will take or ever do this
Thanks

maxxuumman

mallethead wrote: »

I'm non registered for Vat
i put up a shed and got a slatted tanks put in
and i sent in the form with all my reciepts
I recieved the reciepts back and a note saying i would recieve payment shortly,anyone know how long this will take or ever do this
Thanks

It can vary. Nearly always within the month. Usually 7-10 days.
Now that you have the receipts back, I'd imagine 7-10 days or less.

Farmer Pudsey

Usually fairly snappy within 2 weeks never went beyond a month

bob charles

I was always quite surprised how fast it comes back

massey265

This is news to me, were is the catch? i put up a three bay recently and quite a bit of vat on it, has got me thinking!

mf240

massey265 wrote: »

This is news to me, were is the catch? i put up a three bay recently and quite a bit of vat on it, has got me thinking!

No catch take the paper work into your accountant and he will reclaim the vat for you.

What you need are original invoices marked paid.

mallethead

I got the refund today less than three weeks after i sent in the paper work
I wouldn't have know how to do it only i saw it explained on the boards:D
This is better than any discussion group

mf240

mallethead wrote: »

This is better than any discussion group

+1

cloudroost

I'm in a similar position to some others here - I've just finished a shed and want to reclaim my VAT (I haven't been through this before).
One question- I have lots of invoices for concrete, stone etc - I've paid them, but I don't have anything marked 'PAID' .
Will these receipts (invoices actually) suffice, or do I need to go back to my suppliers and get them to send me on a 'PAID' receipt?

Thanks.

MidlandsM

cloudroost wrote: »

I'm in a similar position to some others here - I've just finished a shed and want to reclaim my VAT (I haven't been through this before).
One question- I have lots of invoices for concrete, stone etc - I've paid them, but I don't have anything marked 'PAID' .
Will these receipts (invoices actually) suffice, or do I need to go back to my suppliers and get them to send me on a 'PAID' receipt?

Thanks.

in short, no

mf240

cloudroost wrote: »

I'm in a similar position to some others here - I've just finished a shed and want to reclaim my VAT (I haven't been through this before).
One question- I have lots of invoices for concrete, stone etc - I've paid them, but I don't have anything marked 'PAID' .
Will these receipts (invoices actually) suffice, or do I need to go back to my suppliers and get them to send me on a 'PAID' receipt?

Thanks.

You need to get the original invoices marked paid.

ootbitb

Nice to see they are returning the receipts now.

Make sure you are within the time limit they set. They are strict on that point.

cloudroost

Thanks for the info.

KCTK

mf240 wrote: »

You need to get the original invoices marked paid.

Hi mf240, that rule on them having to be marked paid has now changed, once you have the original invoice you are good to go now.

massey265

how far back can you go? A few off my invoices are just over a year now..

bob charles

4 years

Viewtodiefor

bob charles wrote: »

4 years

Just a quick one on this. Got some invoices from suppliers where a discount was given and nothing written on the invoice .

E.g. Have an invoice for stone for 4k but got 550 off the invoice he just marked it paid. What do I do one the original invoice? Recalculate it to show what I actually paid in vat?

bob charles

Viewtodiefor wrote: »

Just a quick one on this. Got some invoices from suppliers where a discount was given and nothing written on the invoice .

E.g. Have an invoice for stone for 4k but got 550 off the invoice he just marked it paid. What do I do one the original invoice? Recalculate it to show what I actually paid in vat?

your too honest for your own good:D

Viewtodiefor

bob charles wrote: »

your too honest for your own good:D

Once bitten twice shy!

sh1tstirrer

bob charles wrote: »

4 years

it was 10 years a few years ago.

Farmer Pudsey

sh1tstirrer wrote: »

it was 10 years a few years ago.

The claim back period changed 2-3 years ago

vanderbadger

folks can you claim the VAT back on a fencing post driver or its it just fencing materials you can claim back, posts etc??

Mad4simmental

Can sumone in the know tell me what can you clams back when you are not regesterd? Just a quick summery,
Eg new shed build? Fert? Diesel? Ect tanx,

nhg

vanderbadger wrote: »

folks can you claim the VAT back on a fencing post driver or its it just fencing materials you can claim back, posts etc??

Just the posts and wire. The item has to be fixed to the ground - we weren't allowed on a head scoop even though it is welded to the crush because they are usually a moveable item.

vanderbadger

nhg wrote: »

Just the posts and wire. The item has to be fixed to the ground - we weren't allowed on a head scoop even though it is welded to the crush because they are usually a moveable item.

hmm was thinking that myself, wonder if the retailer put fencing supplies on docket

nhg

Mad4simmental wrote: »

Can sumone in the know tell me what can you clams back when you are not regesterd? Just a quick summery,
Eg new shed build? Fert? Diesel? Ect tanx,

http://www.revenue.ie/en/tax/vat/forms/vat58.pdf

lakill Farm

Posts and wire and nails and rails for stud railing
rsj and gates and gate posts
sheep races
sheds
crush
milking parlours, machines and tanks
slatted sheds and tanks
electrical works
water pipe, fittings and drinkers.
Concrete
Gravel
fixed water pumps and fixed agitators
probably missing the obvious ones

They use to allow on scales but i was turned down but fitting them on it. :rolleyes:

jt65

lakill Farm wrote: »

Posts and wire and nails and rails for stud railing
rsj and gates and gate posts
sheep races
sheds
crush
milking parlours, machines and tanks
slatted sheds and tanks
electrical works
water pipe, fittings and drinkers.
Concrete
Gravel
fixed water pumps and fixed agitators
probably missing the obvious ones

They use to allow on scales but i was turned down but fitting them on it. :rolleyes:

can you clarify also

if vat refund is received on a item , the balance cannot be claimed against income tax, ... it has to written off over a period of time .. ie capital allowances

heard the revenue are checking big time on this just now and going back over a couple year's a/cs

milkprofit

if vat refund is received on a item , the balance cannot be claimed against income tax, ... it has to written off over a period of time .. ie capital allowances

heard the revenue are checking big time on this just now and going back over a couple year's a/cs
clarifiy
Can u give an example or case history

19driver83

If building a shed can you reclaim VAT as you go or do you have to wait until it is completed and claim all in one go.

slippy wicket

I have noticed that the revenue don't like paying out vat if there is any tax owed.
Even though that tax is not due til October.

stop thelights

We reclaimed on a mill and something else but we had to take photos of both before we got the money back. Think that the way is going to be from now on!!

nhg

19driver83 wrote: »

If building a shed can you reclaim VAT as you go or do you have to wait until it is completed and claim all in one go.

I do my vat reclaim annually (i.e. 1/1/13 up to 31/12/13) so that I can give my accountant a copy of the invoices that I claimed the vat on so that there can be no mix up with what put through as expenses and what used for Capital Allowances.

When getting everything ready for accountant it's as easy to do everything together, I also do my healthcare claim for the year & prepare my med1 so that the accountant can submit everything together for the year.

lakill Farm

nhg wrote: »

I do my vat reclaim annually (i.e. 1/1/13 up to 31/12/13) so that I can give my accountant a copy of the invoices that I claimed the vat on so that there can be no mix up with what put through as expenses and what used for Capital Allowances.

When getting everything ready for accountant it's as easy to do everything together, I also do my healthcare claim for the year & prepare my med1 so that the accountant can submit everything together for the year.

Lucky accountant.

Stationmaster

nhg wrote: »

I do my vat reclaim annually (i.e. 1/1/13 up to 31/12/13) so that I can give my accountant a copy of the invoices that I claimed the vat on so that there can be no mix up with what put through as expenses and what used for Capital Allowances.

When getting everything ready for accountant it's as easy to do everything together, I also do my healthcare claim for the year & prepare my med1 so that the accountant can submit everything together for the year.

If I give you the contact details of all my clients will you pass this message on please!!

milkprofit

jt65 wrote: »

can you clarify also

if vat refund is received on a item , the balance cannot be claimed against income tax, ... it has to written off over a period of time .. ie capital allowances

heard the revenue are checking big time on this just now and going back over a couple year's a/cs

clarifiy to what extent
Can u give an example or case history