Maintenance - claiming VAT back?

[Rc3897]

Hi all,

I have just started my first electrical maintenance job employed full time. Am I allowed/is there a way I can claim back the VAT on my future tool purchases? As it's my first job I will need to build up the tool list.

Many thanks!

 

[slingshot2000]

You may only claim VAT back if you are VAT registered, and that is a whole load of hassle and probably not allowed if you are employed. You would have to then charge VAT (at 20%) on any work you invoiced.

 

[Adie moore]

get your employer to buy them through the business and you can give them the money back less VAT
edit; assuming they are VAT registered

 

[Deleted member 26818]

Get them to deduct the cost from your wages before tax or NI is deducted, if possible.

 

[Octopus]

I would call HMRC and ask them.... They don't bite!

 

[Risteard]

you can give them the money back less VAT

Not legally - they are required by law to charge the VAT if selling them on!

 

[Darkwood]

Your Tax code allows for your tool allowance so you are already supplimented to a certain level but like others say, you are employed and not a business owner so the claiming VAT back is not an option.

 

[Pat H]

If the company buys them they are owned by the company and on their asset list. If they sell them on they have to charge VAT on the sale.
They could buy them. Rent them to you at a token amount and then sell them later as used for much less than new....

 

[Toneyz]

I would call HMRC and ask them.... They don't bite!

Yes if you want to be on hold for a hour +

 

[Pat H]

Of course the other option is to start your own limit company. Asset purchases can then be offset from your profits. And you can claim other expenses. Plus options on Dividend payouts as well as PAYE.