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RKD1
Level 1

VAT FRS Capital Asset

Hi, 

 

I am currently on the flat rate scheme and I would like to claim back my VAT on my van. The van has been purchased through a cash deposit and a lease. I made this journal below and the VAT has not pulled through to the VAT submission. 

 

Debit - Tangible Asset15,000

         - VAT Control     3,000

 

Credit - Van Lease    13,500

          - Cash            4,500

 

Can you advise how i can get the van VAT onto my submission?

 

Many Thanks