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making purchases without vat number

firefix · 2007-06-06 10:19:07

good morning I have received my business reg number but not my vat number. if i start purchasing items for the business now can i put them down as a business expense yet or do i have to wait till i get my vat number before claiming against the business. I realise that i probably wont be able to claim vat but there are some…

06-06-2007 11:19am

#1

firefix

Closed Accounts Posts: 31 ✭

Join Date: June 2007

Posts: 10

good morning

I have received my business reg number but not my vat number. if i start purchasing items for the business now can i put them down as a business expense yet or do i have to wait till i get my vat number before claiming against the business. I realise that i probably wont be able to claim vat but there are some small things i need to buy and im willing to sacrifise the vat.

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Comments

#2 06-06-2007 2:53pm

Jakey

Closed Accounts Posts: 105 ✭✭

Join Date: January 2007

Posts: 99

Once you start trading and the expenses are valid (wholly and exclusively for the business ect...) you can claim them as business expenses. The VAT number doesnt affect this.

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#3 06-06-2007 3:02pm

firefix

Closed Accounts Posts: 31 ✭

Join Date: June 2007

Posts: 10

Great, Thanks for that advice. i presume i have to have a vat number to claim back vat (although i should have it in a few days). I want to buy quite a few things for the business so maybe im better off waiting for the number.

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