"Steve Rose" wrote:

> 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.

That is true - but if you have not sold any vattable items (for many
beekeepers this will be true) then there is nothing to pay.  Even if you had
sold some, it is still likely to be well worth paying the VAT on them to be
able to reclaim all your input tax back.

Peter Edwards
[log in to unmask]
www.stratford-upon-avon.freeserve.co.uk/

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