My limited company is VAT registered. Before I file my first return I’d like make sure all my purchases are included. I bought a lot of computer equipment before setting up the company and now I use it solely for business use. I have receipts for most of these items.
Is there any way to transfer these items to the company as assets but also have them be reclaimable for VAT purposes?
It seems to me that if I sell them to the company then, as I’m not personally a VAT registered entity, I won’t be able to supply a VAT invoice.
Is this correct? Any advice greatly appreciated!