First VAT return questions...

mikeyclare

Registered User
Messages
12
Hi

Can someone please help me with the following questions:

1) My business vat registered from 05/03/12 so my first vat return is to 30/04/12. Some of my receipts are through weekly payment plans set up by my customers, do i need to include these receipts on my vat return even though the sales occured before 05/03/12? I am going to use the cash scheme for vat so I presume the answer is yes but said i better check.

2) I have a transit van which is used for deliveries only, can i reclaim all of the vat on any diesel bought?

Thank you
 
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