Voluntary registration: intending traders: what is an intending trader?
An intending trader is a person who, on the date of the registration request:
- is carrying on a business
- has not started making taxable supplies
- has an intention to make taxable supplies in the future.
Intending traders normally seek registration from a current date in order to reclaim input tax incurred in the setting up and development of their business. In some cases, the amounts involved may be substantial and cover a long period of time.
This section explains the criteria that must be satisfied before a trader may be accepted as an intending trader, and sets out the procedures for processing an intending trader application.