BudgetB
3rd August 2010, 13:13
If you are VAT registered business and you charge your customers extra if they want to pay you by card, I'm assuming that payment is also subject to VAT?
Just wanted to check my own thinking!
Scalloway
3rd August 2010, 20:34
From the HMRC website
http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_ShowContent&id=HMCE_CL_000111&propertyType=document#P216_26917
if you charge for accepting payment by one of the above cards, the charge is further consideration for the supply of goods/services. VAT is chargeable at the same rate as the goods or services supplied.