A trader often incurs a significant amount of input tax on (1) goods and (2) services in setting up a business, e.g. in relation to professional advice and fitting out premises. Relief for VAT on certain pre-registration expenses is available (Value Added Tax Regulations 1995 (SI 1995/2518), reg. 111; Notice 700/1/2017, para. 5.2).

However, input tax is non-recoverable if it relates to goods which were consumed before registration.

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