I am a sole trader and VAT registered and operate my business by working at home. My questions are:
1. Am I able to claim a certain ratio (say 25%) of the home expense, such as rent , utilities , service charge as my business expense in my tax return?
2. Am I able to reclaim the VAT portion of the above expense (such as 20%VAT of the service charges) , and if so, the ratio same as that in (1)?
For the last few years I have no UK income but oversea incomes so that I have been filing self assessment returns using my government gateway.
Starting from the next year, I may expect some UK incomes as a self employed sole trader.
Do I need to open a new account to register for sole tradership? I look through this web page and it says that I can register it through
my existing business tax account
However, when I log in my current account, I cannot find any button to add a sole tradership?