Hi everyone, just wondering if anyone knows the answer to this question.
As a sole trader taxi driver you are exempt from vat, so you do not register for vat or do vat returns.
If you start a limited company and have a few vehicles on the road can you claim vat back on the purchase of new vehicles and fuel ect or are you still exempt as there's no vat on taxi fares?.
As a sole trader taxi driver you are exempt from vat, so you do not register for vat or do vat returns.
If you start a limited company and have a few vehicles on the road can you claim vat back on the purchase of new vehicles and fuel ect or are you still exempt as there's no vat on taxi fares?.