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Robin Robin is offline
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Default OT'ish: Greedy plumbers?

On 19/05/2021 13:16, Fredxx wrote:
On 19/05/2021 08:31, Jeff Layman wrote:
The plumber could have acted as the customer's agent and purchased on
their behalf. The purchase doesn't then count towards the turnover VAT
limit. Any fee/profit would of course. "Undisclosed agent" is the term.


Another term is "disbursement" where HMRC have separate guidance to try
to keep thinks simple (well simpler than Vat Notice 700!). Crucial
points are to make clear you are acting as agent, don't add mark-up and
itemise everything on invoices.

https://www.gov.uk/guidance/vat-cost...d-to-customers

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Robin
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