Bei
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RE: Query on my VAT start date and VAT filing date
Thank you for the reply. That has exactly clarified my questions and confusions. And appreciate the tips from your first reply. I am aware of the highlightes notes. My company is mainly dealing with business to business, therefore, not subject to VAT. No VAT has been collected from the customers. In this case, I believe the company will benefit from VAT registration, then claiming VAT back from business expenses. Thanks. -
RE: Query on my VAT start date and VAT filing date
Thanks for the reply. However, it doesn't answer my questions. The link doesn't have answer to my questions either. Can you please clarify specifically the following. 1. Can I date back to 1st of May 20021 as the VAT start date? 2. If so, and joing the Annual Accouting scheme, what will be my first VAT filing period? When shall I start filing the first VAT return? Thanks. -
Query on my VAT start date and VAT filing date
Good morning, I am registering my company for VAT, which is a voluntary VAT registration, and not certain about the "VAT start date" in my specific case. There are two options a) from the company establishment date b) select a specific date. My company is registered in May 2021. Can I please query below: 1. If I select option a, can / shall I file VAT return that dates back to May 2021? What does it mean to me if I select a date in the past? 2. I plan to entere the "VAT annual accounting scheme". When is the earlist date that I should file my first VAT return? Is it as soon as the registration is completed this year, or by end of July 2025 (deadline of next accounting year)? Regards, Bei