I am pretty sure that if your supplies are exempt then you will be unable to claim your input tax back.
Basically if you aren't paying Output VAT on your income then it would be 'unreasonable' to expect to be able to claim back your Input tax. Can't have your cake and eat it!
I have copied some info from the HMRC, but in essence yes I think you are correct in your thinking. Hope that helped.
'Some supplies of goods and services are exempt from VAT. You don't charge VAT to your customers on exempt business supplies, and you can't reclaim the VAT that you are charged on purchases relating to those supplies.'
Starting from scratch again. Had a go at couch25 last December. Did about 6 runs then came the snow(didn't mind) resulting in icy pavements for 2 weeks by which time I faded away...... very bad I know.
Anyway am going out tonight to start again and wanted opinions.
Would it best for me to follow couch to 5 or just to go out and run for as long as I can (slowly) and walk when I am not running for about 5k or 30mins.
I realise different methods suit different people, but just wondered how you all began.