Accounting for Output and Input VAT before VAT Registration

Hi, I am a new comer in UK. This year I start my business as a limited company and the turnover is expected below the VAT threshold £85,000. I issued the invoices without VAT to the customers and paid the goods and services with VAT to suppliers. How can I book the Output and Input VAT in accounting record before VAT registration? Is it zero Output VAT and the actual amount of Input VAT? Can I reclaim the Input VAT after the VAT registrtion? Or both zero Output and Input VAT before VAT registration? Thank you.

Hi,

We would not be able to advise on record keeping prior ro VAT registration except to say that the input tax would not be reclaimable if you are not VAT registered and there would be no output tax to account for.

When registering for VAT you are entitled to recover the VAT as input tax prior to registration as long as the goods are on hand at the date of registration. You can see guidance here:

Input tax when VAT paid on goods and services received before VAT registration

Thank you.

Hi, Thank you for your valuable advice. I try to understand and follow the guidance.