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Accounting for petrol / VAT / FreeAgent

  • 29-08-2017 11:20am
    #1
    stebag
    Registered Users Posts: 10 ✭


    Hi there, I'm a sole trader and doing my first VAT return next month. Trying to wrap my head around the petrol situation. I understand that I can't claim VAT back on petrol purchases.

    I'm using FreeAgent - should I just be recording petrol as purchases at 0% VAT so that my VAT reports are accurate? Or should I be recording them as purchases at 23% VAT and just manually excluding them from my VAT return. Or is there a difference?!

    Any help appreciated! :confused:


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