Please can you clarify for me how I account for input VAT which can not be recovered in full on expenses which include an element of private use?
Hi Nicola,
You will need to split the amount paid and record two separate transactions:
A business expense as described here:
http://www.solaraccounts.co.uk/help/how-to-record-an-expense.php
A non-business payment as described here:
http://www.solaraccounts.co.uk/help/how-to-record-non-business-payments.php
Cheers,