VAT margin scheme
Calculated, recorded and reconciled the way HMRC expects, with the second-hand margin scheme and global accounting handled properly.
For the motor trade & dealerships
The VAT margin scheme, stock, and sales invoicing are where most accountants come unstuck on a car business. We built software and a service that handle all three, so your margins are right, your VAT is clean, and your numbers flow straight into Xero.
Purpose-built software for car dealers, backed by chartered accountants. Two tools at the heart of it.
Buy a car, sell a car, and ForecourtX works out the VAT on your margin automatically. No spreadsheets, no second-guessing, no overpaying HMRC.
Raise professional, compliant sales invoices for every vehicle in seconds, with the correct margin scheme wording built in, then exported straight to Xero as a journal.
ForecourtX replaces the spreadsheets and disconnected tools with one system built around how a car business actually runs.
ForecourtX is built to live in Xero. Every sale, margin and VAT figure flows straight through, so your books are always up to date and the full picture is there the moment you need it.
The software is just the start. We're chartered accountants who actually understand the motor trade.
Calculated, recorded and reconciled the way HMRC expects, with the second-hand margin scheme and global accounting handled properly.
Margin scheme, standard-rated extras and warranties pulled together into clean, compliant VAT returns filed under Making Tax Digital.
Every vehicle tracked from purchase to sale, with the records and provenance to back up each margin scheme claim.
Your sales, costs and journals flowing into Xero automatically, so your numbers are always live and your VAT is always ready.
Year-end accounts, Corporation Tax and director Self Assessment, all prepared early and explained in plain English.
Which models actually make you money? We track profit per vehicle and per site so you stock and price for margin.
The ForecourtX software comes built into being a client. There's no separate licence and no extra cost, and getting started takes days, not weeks.
Tell us about your forecourt and we'll send a fixed monthly price, agreed up front with no surprises.
Once you're on board, we create your ForecourtX account and connect it to Xero, ready to go.
A short, friendly walkthrough so you and your team are confident using it from day one.
Start raising invoices, tracking stock and watching your real numbers, with us in your corner all year.
ForecourtX is part of Accountancy 365, rated 5.0 on Google by clients across every kind of business.
Free, no-obligation chat. Tell us about the dealership and we'll come back with a fixed quote, same working day.