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VAT Question Of The Week – Flat Rate Pre-Registration VAT

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A client is about to register for VAT and wants to use the flat rate scheme as she meets the conditions and it would be beneficial to her.

However, her intention is to register for normal VAT initially, in order to recover pre-registration input tax, and then after the first return has been filed, switch to the flat rate scheme.

Is this acceptable or will HMRC challenge it?

Answer

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Disclaimer:- The information contained herein is given by way of general guidance only and no action should be taken solely on the basis of the information contained herein. The Avanti Group (UK) Ltd will be pleased to provide further guidance on the issues, and how they might affect you. No liability is accepted by the firm for any action taken without seeking appropriate professional advice