VAT on training
A quick VAT question
The discussion about VAT invariably pops up with prospective commercial pilots. I am able to outline the basics about voluntary registration as a sole trader, back dating registration if necessary, time limits on claiming back goods/services already paid for etc (and of course recommending they employ the services of a good accountant or at the very least the VAT helpline).
However, the one point I can't offer any general advice on is if you wish to remain employed. Can anyone - in very vague and general terms - explain:
1. If it is possible to register as a sole trader and still be employed; and
2. If it is not possible as a sole trader, is there another route that can be used to reclaim the VAT?
I appreciate that it is a very complicated subject so I'm just after the basics
Many thanks in advance