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The Book-keepers Forum -> VAT, Payroll & Tax -> VAT for Estate Agent
Post Info TOPIC: VAT for Estate Agent
SuzanneD


Member

Status: Offline
Posts: 15
Date:
VAT for Estate Agent
 

Help!

Am doing my first VAT return for client who is an Estate Agent. They have not been charging VAT on the following:

(They were not registered for VAT for their first year, and didn't realise that now they are, that VAT is chargable!)

Rental commissions received

Landlord & Admin Fees

Tenant Fees

Application Fees - Rentals

I feel these items are VATable and should be shown on the VAT return. Am I right???

 

Thanks!!



__________________
RobRJBS


Senior Member

Status: Offline
Posts: 113
Date:
 

It is my understanding that all of these fees and commissions will be subject to VAT.

Have you looked into the flat rate scheme to try and minimise any VAT liability?



__________________

Rob Director R & J Business Solutions (www.rjbusinesssolutions.co.uk) @RobRJBS
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