[elliotset]

Follow up clarification – when I re-claim expenses from my clients – do I just add 20% VAT to the total of my expense claim irrespective of if the expense already included VAT or do I have to deduct the VAT paid on the expense first and then apply 20% to the total claim?

[elliotset]

Thanks for the response.
When I registered online I was automatically allocated a “not listed general engineering flat rate of 14.5%” – since my expenses historically exceed the limited cost trader threshold I assume this will be OK & if I understand correctly I can also claim a 1% first year discount , hence will repay VAT at 13.5% for first year.

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