E
emanresu007
Hello,
I am interested to know the details about starting a business regarding tax etc.
Say its the start of the tax year and my business, I havent registered it yet, but have recieved £6000 in orders, paid into my own bank account, at what point do i need to be register my business in order to claim expenses?
can i claim expenses if im not VAT registered? are expenses just the VAT back.. is that right?
i have been on the tax site but it doesnt really summerise the process in real language.
I am interested to know the details about starting a business regarding tax etc.
Say its the start of the tax year and my business, I havent registered it yet, but have recieved £6000 in orders, paid into my own bank account, at what point do i need to be register my business in order to claim expenses?
can i claim expenses if im not VAT registered? are expenses just the VAT back.. is that right?
i have been on the tax site but it doesnt really summerise the process in real language.