Leased Cars - Basic Data Entry

Last modified 10:20, 23 Oct 2015

Overview

The Trade Leased Cars window calculates the disallowable proportion of rental payments which will adjust the trading result for that trade.

You can use the screen Trading Income > Trade name > Leased Cars to enter basic information.

For details of further relevant adjustments in the following scenarios, please see the corresponding help:

Enter Leases from 1st April 2009

  1. Click Trading Income > Trade name > Leased Cars.
  2. On the Leased Cars window, enter Make and model and Registration number.
  3. Select the Post 31/3/13 Lease check box if relevant. This only appears if the Accounting Period either straddles or is after 1 April 2013.
  4. Enter the C02 emissions for the car.
  5. Enter the Rentals expense for the car. This is the total rental paid including the maintenance element.
  6. Enter the Maintenance element for the car. This field is optional.

    The Net leasing cost and Allowable values are calculated and displayed. 

    Disallowable - This is a calculated field and data entry is unavailable. This value will automatically be incorporated into the Adjusted Trading result.

Enter leases before 1st April 2009

  1. Click Trading Income > Trade name > Leased Cars

  2. On the Leased Cars window, enter Make and model and the Registration number.

  3. Enter the Retail price. 

  4. Enter the Rental expense for the car - This is the total rental paid including the maintenance element.

  5. Enter the Maintenance element for the car - This field is optional.

    The Net leasing cost and Allowable values are calculated and displayed.

    Disallowable - This is a calculated field and data entry is unavailable. This value will automatically be incorporated into the Adjusted Trading result.

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