Gill Drinkald
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How do I find my previous posts?
I need to find a previous post and the response but can't see how to do this. Is it possible? -
RE: Sole Trader accounting for used van purchase
So no help at all then. I am more than capable of finding links to guidance and reading content. HMRC sets the rules; I just want to ensure that I apply them correctly but seemingly, HMRC isn't interested. So I will just hazard a guess. Don't think I will bother using this supposed "help" again! -
RE: Sole Trader accounting for used van purchase
Thank you. I have read that and remain confused. Do I just add total of £15,594 into account software as a bill allocated to "Motor Vehicle Purchase" and if so should that be for the total amount of £15,594? -
Sole Trader accounting for used van purchase
Can anyone help me please? How do I account for this situation in a sole trader accounts for the tax year 2022/2023? Purchase of used van 02.08.2023 for £12,995 +VAT £2,599= Total £15,594 Part exchange given for traded-in van £800 How do I put this in our accounts which are done on traditional not cash basis. We are VAT registered. Thank you.