{"product_id":"vat-book-for-dealers-in-pre-owned-vehicles-castlemaker-account-book-v012","title":"VAT Account Book for Used Vehicle Dealers – A4, 32 Pages (V012)","description":"\u003cp\u003eKeep your vehicle-trading paperwork organised with the Castlemaker V012 VAT account book, designed specifically for dealers in pre-owned vehicles. Its straightforward paper format gives you a dedicated place for your VAT accounts, ready to refer back to when working through your bookkeeping.\u003c\/p\u003e\u003ch2\u003eA practical book for the dealership office\u003c\/h2\u003e\u003cp\u003eWhether you are catching up on accounts after a busy day or reviewing your records with your bookkeeper, keeping a dedicated account book alongside your supporting paperwork makes information easier to find.\u003c\/p\u003e\u003ch2\u003eProduct details\u003c\/h2\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eDesigned for:\u003c\/strong\u003e dealers in used and pre-owned vehicles.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e A4, 297 × 210mm.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eContents:\u003c\/strong\u003e 32 pages with 14 charts.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePaper:\u003c\/strong\u003e quality 90gsm white paper.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFinishing:\u003c\/strong\u003e finished by hand and dispatched from the same facility in Devon.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProduct code:\u003c\/strong\u003e V012.\u003c\/li\u003e\n\u003c\/ul\u003e\u003ch2\u003eKeeping VAT records for second-hand vehicle sales\u003c\/h2\u003e\u003cp\u003eIf you use the VAT margin scheme for eligible second-hand vehicles, HMRC requires your usual VAT records, plus a stockbook tracking each vehicle individually and copies of its purchase and sales invoices. Check that each vehicle qualifies for the scheme before using it.\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eRecord purchases:\u003c\/strong\u003e keep a unique stock number in numerical sequence, purchase date, purchase invoice reference, seller’s name, vehicle description and purchase price.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eRecord sales:\u003c\/strong\u003e enter the sale date, sales invoice reference, buyer’s name, selling price or method of disposal, margin on the sale and VAT due.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eKeep supporting invoices:\u003c\/strong\u003e retain purchase invoices and copies of sales invoices, linked to the relevant stockbook entry. Margin-scheme invoices have specific requirements; sales invoices must not show VAT separately and must include the applicable margin-scheme wording.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eKeep records for the required period:\u003c\/strong\u003e HMRC states that VAT records must normally be kept for six years. For unsold stock bought more than six years ago that you intend to sell under the margin scheme, keep the relevant records until it is sold.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSale-or-return vehicles:\u003c\/strong\u003e record transfer dates, the transferring dealer’s or person’s address, and the date of sale or return. Note transfers to another dealer’s premises in your stock records.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eThis book can form part of your paper record-keeping routine, alongside invoices and any other records required for your business. The guidance above does not confirm that the book alone meets every VAT or digital record-keeping requirement.\u003c\/p\u003e\u003cp\u003eFor full requirements and scheme eligibility, refer to HMRC’s \u003ca href=\"https:\/\/www.gov.uk\/guidance\/using-the-vat-margin-scheme-for-second-hand-vehicles\"\u003eVAT margin scheme guidance for second-hand vehicles\u003c\/a\u003e and \u003ca href=\"https:\/\/www.gov.uk\/vat-margin-schemes\/keeping-records\"\u003emargin-scheme record-keeping guidance\u003c\/a\u003e. Ask your accountant how the rules apply to your business.\u003c\/p\u003e","brand":"Castlemaker Books Ltd","offers":[{"title":"Default Title","offer_id":32242743050,"sku":"V012","price":4.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0324\/6861\/files\/IMG_1379.jpg?v=1793136005","url":"https:\/\/www.castlemakerbooks.com\/products\/vat-book-for-dealers-in-pre-owned-vehicles-castlemaker-account-book-v012","provider":"castlemakerbooks","version":"1.0","type":"link"}