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Hi.Assuming you are registered under the regular VAT scheme as opposed to the flat rate VAT scheme, you should not include the VAT you charge to your customers in your turnover nor should you include the VAT you pay on your expenses for the purposes of your self-assessment tax return. Turnover and expenses should be shown net of VAT. As you know, you are simply operating as an unpaid tax collector for HMRC and in net terms your business pays no VAT.I hope this helps but let me know if you have any further questions.
how do I find out which vat rate scheme I am on , I am not sure, kind regards MARIAN
I must be in the regular vat rate then, as I definitely hand over all the vat I collect from my customers once I have offset the vat that I have been charged myself. thankyou for your help , much appreciated Marian
already rated the service as excellent, thanks for the prompt reply, I can get my tax return done and dusted this weekend now, . thanks again. MARIAN
hi there I have already rated you as excellent , if I leave another rating the website says I will have to pay an additional fee, you answered my question and I am all sorted thankyou for your time, regards Marian