Notes

(1)Goods-on-hand on the day of registration

Goods-on-hand on the day of registration are as follows:

(a)goods bought for the business and which have not yet been sold (Notice 700/1/2015, para. 5.2);

(b)either stock for resale or fixed assets (HMRC Input Tax Manual at VIT 32000).

The time-limit was extended to four years from three years, from 1 April 2009. However, transitional provisions stop claims from then being made for supplies received before 1 April 2006, i.e. which were already three years old (Value Added Tax Regulations 1995, reg. 111(2C), (2D), (3C) and (8); ¶19-130).

(2)Services received before registration

Services received before registration are as follows:

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