VAT RTD question

T

tmccar

Registered User
Messages
16
I am self-employed and my work involves preparing drawings and 3D models.
When ding my VAT RTD one of the questions it asks is:
"Did you purchase goods or services that are not for resale but where VAT paid can be claimed as an input credit?"

What does this mean?
 
Eg you bought ink for the drawings. It cost €1,230 (€1,000 + Vat €230)
You claimed VAT back (i assume)
Then this €1,000 is goods that you did not resell and used €230 as in input credit

Er I hope.
 
Ok - could I claim this for a computer and printer that I bought for work?
 
Yes, as long as the computer is only used for work. If it is also used for personal uses, then only a proportionate amount would be work related
 
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