Thinking of going FRS for vat.
My turnover is approx £43000 per annum
Fuel is approx £13500 per annum
Insurance is £1900 per annum
Road tax, mot and repairs are approx £800 per annum
Mielage per annum is 100000 approx
Have my own wholly owned vehicle (Transit van)
FRS of 10% applies
Q1. Can any of the above be put on purchases section of FRS vate return form?
Q2. Does the new 'Limited cost traders' apply to couriers?