bookie_beaters
New member
As i have recently registered myself as a self employed driving instructor, Can i claim back all expenses with starting up my business (advertising, Fuel, stationary, etc) on April 1st this year?
or can i only claim back the VAT on these expenses?
For example.....
If i place an advert in the local paper for £10 & keep the reciept & log it on my spreadsheet.
On April 1st am i entitled to the full £10 back or would i only be entitled to claim back the VAT?
The breakdown of placing this advert is ......£8 net..... £2 vat......Total £10
please explain to me with an example how much i can claim back on 1st April this year as i am really strugling to understand this.
Please help.
Thanks.
Rob.
or can i only claim back the VAT on these expenses?
For example.....
If i place an advert in the local paper for £10 & keep the reciept & log it on my spreadsheet.
On April 1st am i entitled to the full £10 back or would i only be entitled to claim back the VAT?
The breakdown of placing this advert is ......£8 net..... £2 vat......Total £10
please explain to me with an example how much i can claim back on 1st April this year as i am really strugling to understand this.
Please help.
Thanks.
Rob.