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VAT Flat Rate scheme

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    VAT Flat Rate scheme

    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.

    #2
    If its a genuine business expense, and you have a VAT receipt, then you claim the VAT back. However if you are on the flat rate scheme, its a flat rate anyway - but its a good idea to have the receipts anyway

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