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Feelwells
Level 1

How do I claim back a monthly car lease payment where I can only claim for 50% of the VAT? Do I only record 50% or do I make an adjustment, if so, how?

 
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Best answer August 05, 2021

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PJCO-PJ
Level 1

How do I claim back a monthly car lease payment where I can only claim for 50% of the VAT? Do I only record 50% or do I make an adjustment, if so, how?

Split the bill and post 50% of it with zero vat and post the remaining 50% with 20% vat.

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1 REPLY 1
PJCO-PJ
Level 1

How do I claim back a monthly car lease payment where I can only claim for 50% of the VAT? Do I only record 50% or do I make an adjustment, if so, how?

Split the bill and post 50% of it with zero vat and post the remaining 50% with 20% vat.

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