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Claim VAT back for training
RedC1
Posts: 3 Newbie
Hi all!
I am currently training to be a commercial pilot and have nearly competed the ATPL ground exams. Thereafter, I need to pay out a further £20,600 for the final CPL / IR practical training.
As a pilot, I will need to be self employed and work on a freelance contact to contract basis.
If I register as a sole trader now, can I clam back the VAT even though I will not be earning until after training is complete?
It would bring the costs down to around £17,000 which would help a lot.
Moreover, can I claim back VAT on any of the £28,000 that I have spent so far even though I have not been registered as a trader?
Many thanks,
Danny
I am currently training to be a commercial pilot and have nearly competed the ATPL ground exams. Thereafter, I need to pay out a further £20,600 for the final CPL / IR practical training.
As a pilot, I will need to be self employed and work on a freelance contact to contract basis.
If I register as a sole trader now, can I clam back the VAT even though I will not be earning until after training is complete?
It would bring the costs down to around £17,000 which would help a lot.
Moreover, can I claim back VAT on any of the £28,000 that I have spent so far even though I have not been registered as a trader?
Many thanks,
Danny
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