One of the most common questions we’re asked is whether or not VAT incurred on expenditure – known as “input VAT” - can actually be reclaimed or not.
In this short video, Iain Johnston, VAT Specialist at Martin Aitken & Co outlines what's involved in the reclaim process and the conditions attached to making a reclaim of input VAT.
If you have any queries, or if you are unsure about any issues relating to VAT, you can get in touch with Iain directly by email This email address is being protected from spambots. You need JavaScript enabled to view it. or by giving him a call on 0141-272-0000.
What's covered in this video?
- Reclaiming input VAT.
- Registering for VAT and the VAT registration threshold.
- Taxable supplies explained.
Other videos that you may find useful in our VAT video series, include:
- What is VAT?
- When do the different rates of VAT apply: zero rate & reduced rate?
- Are charities reclaiming all the VAT they are entitled to (including grants vs service contracts and the correct VAT treatment)?
- VAT and land & buildings - the option to tax explained.
- The new construction industry reverse charge (from 1 October 2019).