Policy paper

Revenue and Customs Brief 16 (2016): treatment of VAT incurred on assets that are used by the business prior to VAT registration

This brief clarifies when, and to what extent, VAT is deductible and what to do if the correct treatment has not been applied.

Documents

Details

This brief sets out HM Revenue and Customs policy on deduction of VAT relating to assets used by the business prior to its VAT registration. It clarifies when, and to what extent, VAT is deductible and what to do if the correct treatment has not been applied.

Published 4 November 2016