Doing VAT return

ekans

I'm doing a VAT return, I am okay regards VAT on sales, my confusion is with VAT on purchases. What expenses can I claim here? For instance if I were say a builder what expenses would I be able to claim, and what ones would I be unable to claim?

frankythefish

claim the lot ekans, essentially every single purchase reciept your have as a builder

ekans

Just as I suspected, thanks franky

Citizenpain

Dont claim for:

A deduction is not allowed for VAT on any of the following,
even when the services and goods in question are required
or used for the purposes of a taxable business:

The provision of food or drink, or accommodation or
other personal services, for the taxable person, his/her
agents or employees. Where this is a supply of services
in respect of which the taxable person is accountable
for VAT a deduction will be allowed

Expenditure incurred by a taxable person on food and
drink, or accommodation or other entertainment
services, where such expenditure forms all or part of
the cost of providing an advertising service in respect of
which tax is due and payable by the taxable person

Entertainment expenses incurred by a taxable person,
his/her agents or employees.

The acquisition (including hiring) of passenger motor
vehicles otherwise than as stock-in-trade (that is, for
resale) or for use in a vehicle hire or driving school
business

The purchase of petrol otherwise than as

stock-in-trade.

GR3YFOXXX

You cant claim for everything, I work in VAT. There are very specific in put claims that are allowable. If you overclaim you will be liable for repayment plus a charge.

jimbooth

I paid back a loan last month and was wondering is there any vat I can claim back from this?

smeharg

jimbooth wrote: »

I paid back a loan last month and was wondering is there any vat I can claim back from this?

No. You weren't charged VAT so there's nothing to claim back.