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HeliTorque :: View topic - VAT for CPL Pilot
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HeliTorque Forum Index » Student Pilots & Hour Builders

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VAT for CPL Pilot
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Jp
High Flying 'Torquer
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Joined: Oct 24, 2006
Posts: 189
Location: Essex


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PostPosted: Tue Jun 12, 2007 1:39 pm    Post subject: VAT for CPL Pilot Reply with quote

I know you can't claim your VAT back for PPL but I'm going the whole hog (and why not)
Has any one else set up a sole trader company to claim VAT back on your train and books.

Can you offer any advice?
My big questions are can I claim for training and travel in the USA?

Peter

pilot.pete@hotmail.co.uk
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FAA, JAA, HK, AACM
H269, R44,
Bell 206, AS 350,
AS355, AW139<br><br> *in a muffed voice*
PPL A
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WhirlyGirl
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Joined: Jul 20, 2004
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Location: Birmingham, UK


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PostPosted: Tue Jun 12, 2007 2:23 pm    Post subject: Reply with quote

My VAT application got rejected as they said "since there is no income and there will be no income until you qualify, you cannot class yourself as a business". However, I have heard other have been successful in this, and a few people I know who ran a business and were already VAT registered managed to put "some" of their flying through that business.

Please do let us know if you have any success though, it would be nice if you could get it back - after all, how is it any different from investing in business start up costs?

WhirlyGirl Cool
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CPL(H) / FI(H) - Cabri G2, R22, S300, R44, B206
Flight Examiner (H), Ground Examiner (H)
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Jp
High Flying 'Torquer
High Flying 'Torquer


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Joined: Oct 24, 2006
Posts: 189
Location: Essex


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PostPosted: Tue Jun 12, 2007 2:45 pm    Post subject: Reply with quote

Well quite right did you present a business plan?
Iím going to have a word with a few friends that are accountants, soon

I get the idea that it was open for abuse from people claming vat back for just a PPL and not going any further, by Mr Brown has closed this loop and if you try it on you get in trouble and big fine.
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FAA, JAA, HK, AACM
H269, R44,
Bell 206, AS 350,
AS355, AW139<br><br> *in a muffed voice*
PPL A
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