There’s no online way to claim for previous years – I had to send it by snail mail! HMRC took just short of 3 months to get back to me. They let me know via email and my online personal HMRC account once they’d reviewed it (it’s worth setting up an account if you don’t...
You only pay HMRC the flat-rate amount. You can keep any VAT you charge over that figure. But you can’t claim back VAT relief on your business purchases. Discussing this as an option with your accountant to see if it’s a good fit for your business is wise. What VAT Records Do I...
Incidentally, non-resident shareholders may be able to claim back some of the withholding tax that’s pre-paid on UK REITs. That’s possible if you live in a country that enables you to claim back a portion of withholding tax on UK securities. See thisexplainerfrom HMRC. Thanks for reading!