Leased Cars - Basic data input

Last modified 07:50, 24 Apr 2017

Overview

The Management Expenses Leased Cars window calculates the allowable proportion of the rental payments and will adjust the relievable Management Expenses accordingly.

Navigate to this window via Management Expenses>Leased cars.

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

You can claim relief for cars that were leased/hired before and after the changes in tax relief in 1 April 2009.  The window also includes the changes in the threshhold for CO2 emissions on 1 April 2013.

Lease entered into from 1 April 2009

It is accessed by Management Expenses>Leased cars

  1. Enter Make and model
  2. Enter Registration number
  3. Tick if this is a Post 31/3/13 Lease - This only appears if the Accounting Period either straddles or is after 1 April 2013
  4. Enter the C02 emissions for the vehicle
  5. Enter the Rental 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 not obligatory
  7. Net leasing cost - this is a calculated field and data entry not available
  8. Allowable  - This is a calculated field and data entry is not available

Leases entered into before 1 April 2009

It is accessed by Management Expenses>Leased cars

  1. Enter Make and model
  2. Enter Registration number
  3. Enter 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 not obligatory
  6. Net leasing cost - this is a calculated field and data entry not available
  7. Allowable  - This is a calculated field and data entry is not available

 

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