First VAT Return

[Archangel]

So my petrol reciepts that i have attached to my expenses claim to MyLtd I offset that against the VAT i charged my client?

And thank you for that post very helpful, you made some assumptions which are correct.

Pleomax

No, you can only directly offset the VAT for something the business bought for itself, so if the company bought the petrol then yes, but because you bought it, the company should be reimbursing you for your mileage, not buying your petrol. If it pays you a mileage allowance (40p mile for first 5k, then 25p) then the company can offset some of this as VAT, I don't operate like that so can't tell you the rate, A search of the HMRC.GOV.UK website under VAT should find it, look for "using own car" and "VAT allowance".

And you should probably be on the flat rate VAT scheme.

[pleomax]

I should yes be on flat rate in hind sight, but got to make some equipment purchases and wanted the VAT. They are not over 2K.