I'm pretty sure I have this already, but want to check.
I have a meal and some drinks. I am charged VAT at a mix of 5% and 20%.
I bill the client/agency the value of the receipt minus the VAT, and add 20% on to that as my value add.
The agency are not happy and think my VAT should match the receipt VAT. I disagree.
I'm right. They're wrong..... Or is that incorrect?
I have a meal and some drinks. I am charged VAT at a mix of 5% and 20%.
I bill the client/agency the value of the receipt minus the VAT, and add 20% on to that as my value add.
The agency are not happy and think my VAT should match the receipt VAT. I disagree.
I'm right. They're wrong..... Or is that incorrect?
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