Car Leasing Accounting for Sole Trader
Question asked by Alan Bennett 12 months ago
When leasing a car for 40% business use am I right in saying the following is the solution for accounting for monthly costs:
'You can actually just do it in one bill with the total sum being taken each month as the gross and the exact VAT you want to claim using 'manual' the net rental then reflects the actual cost to you.' >>>>> 50% VAT can be claimed back.
At the end of a tax year, how do I make an adjustment for the 60% that I used for private travel?
Is there an account for vehicle leasing already within Clearbooks?
How does carbon emissions effect accounting? I think if it's under 130 co2kg there is a benefit? Thinking of going for a hybrid car.