Hi James and all

> >Now for the best bit: when you first register you can claim back
for the
> >previous three years!  That did take me an hour or two - but was
time very
> >profitably spent!
> Now that's new to me as well. This certainly makes it worth
while!!!!
> --

Although I'm no tax expert I think you need to exercise a little
caution here.  If you elect to claim back VAT retrospectively you also
have to pay retrospective tax for the same period on any VAT type
sales you may have made.  This, I believe, would include such things
as the sale of used equipment, wax, perhaps even colonies.  I suspect
that any visiting VAT inspector would expect to see written invoices
as evidence of all these transactions.

Best wishes

Steve Rose

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