A retailer client had exceeded the threshold for VAT registration.
Red Dot advised the client on the turnover threshold for VAT registration, and calculated the date registration was applicable from. We then registered the business for VAT with HMRC.
Our client asked us to complete the first VAT Return on their behalf, as we had advised them that VAT incurred before the date of registration could be reclaimed on the first Return.
Using our detailed knowledge and experience, we completed the Return, and were able to reclaim input VAT incurred before the date of registration of over £4,000 – which the client would not have claimed had we not told him.
Result – a very happy client!