Smart Software for Smart Motor Dealers
Time saving stock book and VAT management built especially for you by motor dealers and accountants.
Why Choose My Car Book?
Save Time. Stay Compliant. Maximise Profitability.
Whether you're trading from a forecourt or online, My Car Book helps you streamline vehicle purchases, manage sales, and stay HMRC-compliant — all in one easy-to-use system.
✅ HMRC Compliant Digital Stock Book
Maintain legally required records with ease. Avoid penalties with a digital, compliant stock book for the VAT Margin Scheme.
🚗 Instant VRM Lookup & Invoicing
Enter a reg number and auto-fill vehicle details for stock and invoices. Fast, accurate, and hassle-free.
📊 Monitor Stock & Margins
Real-time dashboards to track inventory, sales, and profit margins across your dealership.
💰 VAT Margin Scheme Reporting
Simplify VAT calculations and reporting. Stay audit-ready without spreadsheets or stress.
🔗 Seamless Xero Integration
Post sales and VAT adjustments directly to Xero. Save time with connected accounting.
⚠️ HMRC Crackdown Protection
Avoid the growing risk of fines. My Car Book keeps you compliant with audit-ready tools.
Simple & fast compliance
The Cost of Poor Record-Keeping
In a landmark case that sent shock waves through the motor trade, Roscoe Noonan — a second-hand car dealer — was hit with a massive £600k VAT assessment for failing to keep accurate stock book records under the VAT Margin Scheme.
“My Car Book was designed to protect my clients from events like the Noonan case, without creating a complex management burden for myself or my clients.”
What HMRC found.
- Missing or incomplete purchase documentation
- Suppressed sales records
- Incorrect VAT Margin Scheme applications
- Bank transactions disguised as gifts
With no reliable stock book to reference, HMRC used auction data and their “best judgment” approach — resulting in a £600,832 VAT assessment.
Key Lessons for Motor Dealers
- No stock book = No legal VAT Margin Scheme
- HMRC can ignore unreliable records
- Fines will be made using estimates
Frequently asked questions
Have a different question and can’t find the answer you’re looking for? Reach out to our support team by sending us an email and we’ll get back to you as soon as we can.
- What is My Car Book?
- My Car Book is a digital stock book and VAT Margin Scheme compliance tool designed specifically for UK motor traders. It simplifies stock management, automates VAT reporting, and helps businesses stay HMRC compliant with minimal admin.
- Who is My Car Book for?
- My Car Book is ideal for independent motor traders, car dealerships, online vehicle sellers, and anyone operating under the VAT Margin Scheme. Whether you manage a small forecourt or a high-volume trading business, My Car Book streamlines your processes.
- Is My Car Book HMRC compliant?
- Yes, My Car Book is fully HMRC compliant. It provides accurate, digital stock book records for your vehicle purchases and sales — essential for meeting legal requirements under the VAT Margin Scheme.
- How does the VRM lookup work?
- Simply enter the vehicle's registration number (VRM), and My Car Book will automatically populate key vehicle details. This reduces manual data entry, speeds up invoicing, and ensures accurate stock records.
- Can I use My Car Book to track VAT Margin Scheme liabilities?
- Absolutely. My Car Book makes it easy to calculate, track, and report VAT liabilities for vehicle sales under the Margin Scheme, ensuring your dealership stays compliant.
- Does My Car Book integrate with accounting software?
- Yes, My Car Book integrates seamlessly with Xero, allowing you to post VAT Margin Scheme adjustments and sales data directly into your accounting system.
- Why is HMRC cracking down on non-compliance?
- HMRC has increased audits and inspections for motor traders, focusing heavily on VAT Margin Scheme usage and proper stock book maintenance. Outdated systems or incomplete records can result in penalties or trading restrictions.
- How does My Car Book help me stay compliant?
- Our system keeps your vehicle stock book, VAT calculations, and sales records organised, accurate, and ready for inspection. You’ll have peace of mind knowing your records meet HMRC standards.
- Is my data secure?
- Yes. My Car Book uses industry-standard encryption and secure cloud storage to protect your business data at all times.
- How do I get started with My Car Book?
- Getting started is easy. Sign up online, either enter your first vehicle registration or import your stock via CSV, and the system does the rest. Our support team is available to assist with setup and training if needed.
- Is there training or support available?
- Yes, we offer full onboarding assistance and expert support to ensure you get the most from My Car Book.
- Can I try My Car Book before committing?
- Yes, we offer a free trial so you can explore the features and see how My Car Book can save you time and improve compliance before making a decision.
- How much does My Car Book cost?
- We offer flexible pricing plans based on your dealership size and needs. Please visit our [Pricing Page] or contact our sales team for tailored options.
- Are there any hidden fees?
- No, our pricing is transparent. All core features, compliance tools, and support are included. Additional integrations or services may be available at extra cost, but these are always clearly outlined.
- Can I use My Car Book for motorcycles, vans, or other vehicles?
- Yes, My Car Book works for a wide range of vehicle types, including cars, motorcycles, vans, and light commercial vehicles — perfect for traders dealing in diverse stock.
- What happens if HMRC audits my business?
- With My Car Book, your stock book and VAT records are stored securely, fully organised, and accessible on demand. You’ll be prepared to provide inspectors with the accurate records they require.
Trade with confidence
Join hundreds of UK motor traders simplifying compliance with My Car Book.
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