Can I also claim input tax retrospectively?
April 11, 2024 | 40,00 EUR | answered by Roberta Schlattmann
Dear tax advisor,
My name is Selma Klett and I run a small business in the online trading sector. In the past, I have unfortunately neglected to claim input tax and now I am wondering if it is possible to do so retroactively. I am aware that this was a mistake and I would like to know if there is a way to correct this omission.
The current situation is that I regularly make purchases on which I pay VAT. Since I have not claimed input tax so far, I am missing important financial resources that could be used well for my business. I am worried that this may result in me having to make tax payments and further restrict my financial flexibility.
Therefore, my question is: Is it possible to claim input tax retroactively and if so, what is the best way to proceed? Are there deadlines or special considerations I need to be aware of? I am very grateful for your help and support in this matter.
Kind regards,
Selma Klett
Dear Mrs. Klett,
Thank you for your question regarding the retrospective claiming of input tax in your online trading company. I understand your concern that important financial resources may be lost due to this oversight. I would like to help you clarify this situation.
In principle, it is possible to claim input tax retrospectively. However, there are some things to consider. First of all, you must be able to prove that the input tax has actually been incurred and that you have not claimed it before. For this, you should collect all relevant receipts and invoices that show the paid value-added tax.
Generally, you can claim input tax retrospectively up to four years. Therefore, you should act as soon as possible to avoid any further financial losses. To correctly record the input tax, I recommend that you contact a tax advisor. They can help you review your documents and assist you in applying for the retrospective input tax.
It is important to note that the retrospective claiming of input tax can also have implications for your VAT returns. You may be required to make tax payments as your input tax deduction increases. Your tax advisor can provide you with more detailed information on this and help you adjust your tax returns.
In summary, it is possible to claim input tax retrospectively, but you should seek professional assistance to ensure that all necessary steps are carried out correctly. I hope that my answer helps you and I am available for any further questions.
Best regards,
Roberta Schlattmann
