Accounting for the scrappage scheme

10 March 2010

by Paul Daly There are some important points for dealerships to consider with regard to accounting and related VAT treatment for vehicles sold under the scrappage scheme. 1. Invoicing and VAT treatment. Amounts received under the scrappage scheme should not affect the VAT amount due on the vehicle being sold. The amount should be shown…

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Tags: documents, Manager, Paul Daly, Scrappage, VAT

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