Hello,
Could someone help me how to account for vat when you buy 5x computers on finance from dell finance services?
On their invoice I have 3 line which are:
-first instalment amount £862 (12 payments in total quarterly)
-documentation fee £125+vat
- vat £2068.80 (total amount for 5 computers £10,344)
How to account for this vat? the next instalment will be in 3 month but I think if I account for whole vat now then the next instalment would be without any vat.
Thank you.
Kath
Could someone help me how to account for vat when you buy 5x computers on finance from dell finance services?
On their invoice I have 3 line which are:
-first instalment amount £862 (12 payments in total quarterly)
-documentation fee £125+vat
- vat £2068.80 (total amount for 5 computers £10,344)
How to account for this vat? the next instalment will be in 3 month but I think if I account for whole vat now then the next instalment would be without any vat.
Thank you.
Kath