Recent content by Boat Guy

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    Am I asking too much of my accountant?

    While there are lots of helpful replies above and picking up the phone is a good idea as the email may genuinely just have been missed it is also good for you to have the reply in writing. My experience of several accountants is they will advise you all day long on the phone but are then rather...
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    Broker wants to charge VAT and commission onto the VAT I have charged

    It transpires I do have a copy of the agreement. Cut and paste below. There is no other reference in the agreement as to how the sale of inc VAT assets (as opposed to private assets) are handled. "RATE OF COMMISSION AS AGREED (excluding VAT): 5%+VAT"
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    Paying for LTD company order with personal debit card

    Yes, of course you can
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    Broker wants to charge VAT and commission onto the VAT I have charged

    The agreement was signed online, so I have requested a copy as I no longer have access. Sady this was a point I raised in their office when I first agreed to use them, however, they seem to have forgotten that conversation I raised a VAT invoice for the customer. The customer then transferred...
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    Broker wants to charge VAT and commission onto the VAT I have charged

    I think I agree with your in principle, however, his fee should be £16,667 * 5%= £833.50. He should then invoice for his fee plus VAT so £1000. He should then transfer the balance of £20-£1K?
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    Broker wants to charge VAT and commission onto the VAT I have charged

    I have just sold an asset through a broker. As a VAT business, i have sold the asset for £16,666.67 plus VAT (£20K to the buyer, who is not a business or VAT registered). The Broker earns 5% plus VAT My understanding is the broker shoudl decuct 5% of the £16,666.67 and then charge VAT on that...
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