UK – reclaim VAT on purchases for freelance work
According to most tax authorities, you can reclaim VAT that you pay on your freelancer’s invoices and expenses, but only if they are registered to pay VAT. Freelancers who have not met their country’s annual turnover threshold don’t need to register for VAT (or they do register but receive graduated relief benefits).
How do I invoice as a freelancer UK?
Your invoice must include:
- a unique identification number.
- your company name, address and contact information.
- the company name and address of the customer you’re invoicing.
- a clear description of what you’re charging for.
- the date the goods or service were provided (supply date)
- the date of the invoice.
What expenses can be claimed with VAT?
In this article, we have identified 7 such expenses which are incurred frequently by the businesses and input VAT recovery is fully allowed.
- Food and drinks provided to a customer. …
- Petrol expenses. …
- Conveyance expenses to employees. …
- Expenses incurred on visa to employee. …
- Medical insurance expenses.