Does anyone know of an accounts package that can cope with the vat aspects of the second hand car dealers scheme?
If not, I suppose one could use any "normal" package and enter the vat element based on manual calculations. It would need to cope with vat on the sale profit plus normal sales if outside the scheme. Input vat would also need to be reviewed.
Should one keep a spreadsheet as a stock book, for example, as one needs to match up cost price and input vat against sale price and output vat? This would help in deciding on the vat treatment and the calculations for the accounts.
Any advice would be welcome as my current clients who deal in cars are currently below the vat threshold.