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Mat C

VAT on Buyers fee's

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Sorry if this has been asked before.

BCA Buyers Fee's are £xxx + Vat however they don't show the VAT on the invoice ( unless its a VAT Q Car )

I add the Buyers fee to the SIV ( Less the Vat ) when i'm working out my margin - so eg 8k car, £250 + Vat Fee = £8250 SIV Sell for £10k, Vatable margin is £1750.

I asked BCA and they confirmed that the fee's are qualifying however they just don't show on the invoice.

I'm sat with my accountant now and we are slightly confused as to wether was can do it this way.

What do you guys do?

Ta

Mat

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last time I was audited by Hmrc they told me if the vat breakdown was not on the invoice then it can't be claimed and hit me with a bill.

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As above you need a vat invoice to claim back the VAT. 

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Why cant BCA put the VAT on the invoice thats what I dont understand. I know its only a few ££ a car but it all adds up!

 

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