I started my Ltd company in April of this year and have just registered for the VAT flat rate scheme.
I know that I am able to claim back the VAT on some items that I have bought since starting the company and prior to becoming VAT registered but I'm not sure what qualifies.
I bought a laptop and a new pc and I know anything that is an asset qualifies. But what about things like hotel and food costs, or phone bills ?
Any help appreciated as I'm a bit lost.
I know that I am able to claim back the VAT on some items that I have bought since starting the company and prior to becoming VAT registered but I'm not sure what qualifies.
I bought a laptop and a new pc and I know anything that is an asset qualifies. But what about things like hotel and food costs, or phone bills ?
Any help appreciated as I'm a bit lost.
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