Topic: Input VAT - Non registered ltd company
I have an LTD Company that provides management consulting services and it is not a vat registered. So far, I had 1 client and I did not charge any VAT. I purchased a PC for my professional use on which I paid VAT. I understand that I need to register for VAT to be able to claim it back. Here are 3 precise questions I have and I thank you for your help:
1. If I register for VAT, should I charge VAT for my next clients? (suppose that revenues remain under the threshold of 85 000£ for this tax year)
2. Should pay back any VAT to HMRC on the previous revenue (on which I did not charge any VAT)?
3. If I don't need to charge VAT for the future invoices (output VAT), can I only claim the expense on my professional expense (input VAT)?
Thanks a lot for your help.