Under the VAT Flat-Rate Scheme you can only claim the vat back on
capital goods with a VAT-inclusive price of £2,000 or more.
However if you look at the HMRC guidance below it could include a number of
smaller capital items, as long as it is on the same invoice. This is worth
considering when you are thinking about buying, for example, new computer equipment. i.e. it maybe worth buying it all at the same time, from the same supplier,
rather than lots of smaller capital purchases under £2,000.
HMRC guidance: “It must be a single purchase of capital goods with a
VAT-inclusive price of £2,000 or more. That doesn’t mean you are restricted
to claiming back the VAT on a single item – for example, you could buy a
pizza oven, fridge and dishwasher, as long as you buy them at the same time
from the same supplier and the price is more than £2,000 including VAT”.
