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Post Info TOPIC: Delivery Driver VAT Returns


Newbie

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Delivery Driver VAT Returns


Hello,†

I need to fill up my VAT Returns for the first time. I've been working as delivery driver and I really don't know how to fill the boxes, I mean what can I consider as output(SALES) and what as input(PURCHASES)? I just delivered, I didn't sell anything and buy anything. Thank you



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Forum Moderator & Expert

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Do you need to be VAT registered?

Who advised you to go down that route? If an accountant I am sure that they will have also advised you about vehicle financing, how to claim mileage against the business, what expenditure is allowable, etc. Most importantly they are likely to have a VAT strategy for the fuel which will be very different depandant upon how it is claimed by the business.

Also whether you operate diesel or petrol, a van or an estate car, etc.

Assuming that you have representation really you need to speak with them as they will have a roadmap of how they are expecting your business to operate in order to maximise retention.

Shaun.



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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



Newbie

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Posts: 2
Date:

I did everything, I just need to fill the boxes and I don't which output and input insert. I've just be working for 3 weeks, I don't wanna pay an accountant because

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Guru

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Salvo wrote:

I did everything, I just need to fill the boxes and I don't which output and input insert. I've just be working for 3 weeks, I don't wanna pay an accountant because


†You don't wanna pay an accountant because ??????†

As Shaun asked "Do you need to be VAT registered?" if you were not advised to do so then why do it? seems hard to imagine that you would have breached the 85K threshold if you have only been working 3 weeks,

You do have Sales, you sold your services as a delivery driver and therefore should have charged VAT on your Invoices, you may also have Purchases if you bought fuel or other business related expenses.†



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Date:

Salvo wrote:

I did everything, I just need to fill the boxes and I don't which output and input insert. I've just be working for 3 weeks, I don't wanna pay an accountant because


Why did you become vat registered?† As Doug says, you need to have £85,000 in sales before you have to be vat registered.

When you say you're a delivery driver, can you be more descriptive?† Fast food delivery, courier or what?† Depending on the answer there could well be a big benefit to being vat registered, but you won't know how because you don't want to pay an accountant.

So, depending on your answer, one of us could well save you more than it would cost to be your accountant.

Now you say you are vat registered and you need to complete your vat return, why?† You've only been doing it 3 weeks, vat returns are usually submitted once a quarter. although it can be longer or shorter at the beginning.



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John†

†Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.

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