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Commissions and VAT

         

aspdaddy

10:31 pm on Mar 30, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Is receiving commision payments classed as a supply?, is there a SIC code for it does it need to be added to your company registration?

To avoid irrecoverable VAT I will have to start invoicing companies for my commissions, does anyone else have to do this?

andye

9:09 am on Mar 31, 2006 (gmt 0)

10+ Year Member



Is receiving commision payments classed as a supply?,

I'm no expert on VAT, but I would have thought it would be - can't see any reason why not. Perhaps you should ring HMRC and ask them?

hth, a.