Claiming VAT on Rent Paid in October 2024
Guidance on claiming VAT for rent paid in October 2024 that has not been claimed before.
[Yes, you can generally claim the input VAT on rent paid for 12 months if the payment was made in October 2024 and the rent relates to your taxable business activities.
Since you haven't claimed this VAT before, you can include it in your VAT return for the quarter in which the payment was made, which is October 2024.
Key points to consider:
- The VAT on the rent paid in October 2024 can be claimed in the VAT return for the quarter that includes October 2024.
- Ensure you have proper documentation, such as the invoice or receipt showing the VAT amount.
- The rent should be used for taxable supplies or activities.
If the rent covers multiple quarters, you may need to apportion the VAT accordingly, but generally, claiming the VAT in the quarter of payment is acceptable.
Would you like guidance on how to record this in your VAT return or any other related questions?]
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