Newly registered businesses – how much VAT can you reclaim on pre-registration costs?

If you had been in VAT as long as we have you might have thought that you would know what the rules are about VAT registration procedures by now. But it emerged recently that HMRC have made a change to their policy on recovery of VAT for costs incurred prior to VAT registration from an unspecified date, and without any warning or consultation with businesses and their advisers. Read more