Forum Message

Van purchase

Hi Guys,
I am really happy with the software and will purchase the full version on the 27th of may 2009, one question though i purchased a van for the business costing 3800 plus the vat 570 total cost 4370 now on the prepare vat return it shows no such purchase and how do i get the vat back?


Posted by Jose Pinto on May 19, 2009 2:06 PM BST

Hi Jose,

Thanks for using Solar Accounts - we're glad you like our software!

Regarding the van purchase, check you have recorded this as a 'Money Paid Out' transaction. The VAT column should be 15% and the VAT Treatment should be set to 'Purchase of Goods or Services from UK Supplier'. If you are under the Flat Rate scheme, select the small 'up arrow' next to the VAT Treatment box and deselect 'Flat Rate Scheme applies to this transaction'. The transaction should then appear on your VAT return.

Please let me know if this resolves the problem.

Cheers,


Posted by Mark McLaren (Solar Accounts) on May 19, 2009 2:35 PM BST

Hi Mark,
Thank you it worked.! brill


Posted by Jose Pinto on May 19, 2009 2:40 PM BST