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⚙️How do we set up an expense code for rental cars where we are entitled to deduct 50% of the VAT amount?

Info Rental Car

If you have hired the car, you can usually deduct 50 percent of the VAT amount. To be eligible for a deduction when hiring a car, the vehicle must be driven at least 100 miles per year in a business for which you are liable to pay VAT or which entitles you to a VAT refund.

Set up a new pay code for allowance hire car and a new pay code for VAT so that you can track hire cars specifically.

Please note: This article is AI-translated. This means that linguistic errors or misunderstandings may occur.