andris

Thanks for your answer, does this also mean I can claim back any expenses related to my other business like petrol, car insurance, and garage repair bills? etc

Hello, I have a question. The main nature of my sole trader business is e-commerce ( online seller) I am also a VAT registered for this side of the business. I am trying to make a side income in my free time as a freelance driver ( airport transfers, private hire, and delivery driver ) For those side business services that I provide, Do I have to charge them a VAT? Also because I use the same bank account for both when I do my booking for VAT return and self-assessment, how do I enter this transaction ( will they be VAT exempt, because the turnover from this business is less than the VAT threshold ) Is that how it works ?