If a business acquires fixed assets before the date of VAT registration, the input VAT can be recovered on a pro-rata basis when the business registers, providing those assets are used for the taxable supplies after the registration. The period of time prior to having
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:35