Your diligence in posting here in the Community space is valued, Andrew. Allow me to provide information regarding annual investment allowance and vehicle depreciation in QuickBooks Self-Employed (QBSE).
Before anything else, please note that we can only state how to use the product but can't provide any advice on claiming an allowable allowance. As such, we strongly recommend consulting with HM Revenue and Customs (HMRC) to know whether your new van qualifies for the annual investment allowance and vehicle depreciation.
After obtaining essential information from the tax payments and customs authority, you can accurately record your van expenses within QBSE.
Moreover, when selecting appropriate expense categories, we advise seeking counsel from a qualified tax professional or accountant to determine the most beneficial approach for your situation. If you haven't got one yet, our Intuit Find-A-ProAdvisor site can help you find certified professionals in your area.
For your reference, you can read these articles to learn more about allowable expenses and costs you can claim:
Additionally, find out how to utilise reports to complete your year-end tax return through this article: Using reports to fill in your tax return in QBSE.
We remain at your service if you require further assistance regarding allowable expenses in QBSE. Please do not hesitate to reach out to us with any additional inquiries. We're always here to help you out!
