If you have purchased something that has a certain value (indication: £250 or more) and lasts longer than a year, we refer to this as an investment, which must therefore be depreciated.In vAT legislation, we do not refer to an investment but to a business asset. Since 1 January 2014, the threshold for a business asset has been increased from £250 to £1,000.This means that an investment between €250 and €1,000 is activated in the balance sheet, but according to vAT legislation still belongs to services and miscellaneous goods (costs, box 82) and not to business assets (box 83).
How can you enter an investment between £250 and £1,000 in Dexxter? If you enter it as an investment – which is correct from an accounting point of view – it will also appear under business assets (investment) in the vAT declaration.