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1. I'm a sole trader (over VAT threshold) working from home in an office/games room (biz 90%, private 10% of the time)
The are 9 rooms in total in my home.
To calculate my claimable VAT am I right in thinking that I would use: TOTAL VAT PAID FOR UTILITIES ETC. x 0.11 (1/9) * 90%
2. Is it correct that I can't claim the VAT for each utility, car payment etc. if the relevant paperwork is NOT marked as a "Tax Invoice?"
Thanks for the help in advance!
Thanks for that.
One more follow up that can think of ... what about something like a car payment?
I don't get a monthly receipt as such, a payment just is just taken by direct debit every month and that's it!