Howlader & Co Blog

claiming tax

Claiming TAX and VAT on expenses made before your company is formed

20th July 2012

In the past two weeks we have been asked the same question three times. “I’m thinking of starting a company in a few months but will have costs now. Can I claim the VAT back? And the tax?” The answers is yes for corporation tax (so long as the costs are within seven years and wholly and exclusively for business purposes). The expenses more