VAT Second Hand Margin Scheme

Accounting
1

We have just started a second hand car seling business and the software is perfect for us. We are not currnetly VAT registered but will ahve to go VAT registered in a couple of months.

We will need to go onto the Margin Scheme for second hand cars. Is there are work around for using Quickfile for the Second Hand Margin Scheme?

2

Quick File can used to record sales under the VAT margin scheme, simply enter the sales product over 2 line items on the sales invoice, see the example below:

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