Sole trader

[beckybooo]

Hi all I am a sole trader and just wondering if some one can guide me on what i can claim for regarding expenses towards the running cost of the business. we are registered for VAT bi monthly so i presume i would take any expense would exclude the VAT

Example: I have claimed vat on diesel for two months so at the year end can i clam for all diesel excluding vat as a running expense
We have a commercial van and it is solely used for the business

can anyone tell me if i am on the right track confused.com

Thanks
Beckybooo

 

[J.Ryan]

Yes, the VAT is not an expense as you get full value for it on your VAT 3