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| Credit Cards & VAT http://www.taxi-driver.co.uk/phpBB2/viewtopic.php?f=7&t=23441 |
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| Author: | babu [ Fri Nov 15, 2013 11:20 am ] |
| Post subject: | Credit Cards & VAT |
Boss is thinking of taking credit cards again but as hes VAT Registered wants to know if he has to charge VAT on the fare. His accountant has told him that he has to charge the VAT on top of any payment taken. Is this correct? |
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| Author: | skippy41 [ Fri Nov 15, 2013 12:21 pm ] |
| Post subject: | Re: Credit Cards & VAT |
babu wrote: Boss is thinking of taking credit cards again but as hes VAT Registered wants to know if he has to charge VAT on the fare. His accountant has told him that he has to charge the VAT on top of any payment taken. Is this correct? No the VAT comes out of the fare, its not an extra |
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| Author: | grandad [ Fri Nov 15, 2013 1:03 pm ] |
| Post subject: | Re: Credit Cards & VAT |
skippy41 wrote: babu wrote: Boss is thinking of taking credit cards again but as hes VAT Registered wants to know if he has to charge VAT on the fare. His accountant has told him that he has to charge the VAT on top of any payment taken. Is this correct? No the VAT comes out of the fare, its not an extra The depends on weather it is Hackney or Private Hire. If it is Hackney then the VAT element is part of the fare. If it is Private hire it can be charged on top of the fare. |
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| Author: | Sussex [ Fri Nov 15, 2013 9:24 pm ] |
| Post subject: | Re: Credit Cards & VAT |
babu wrote: Boss is thinking of taking credit cards again but as hes VAT Registered wants to know if he has to charge VAT on the fare. His accountant has told him that he has to charge the VAT on top of any payment taken. Is this correct? If he is an agent then he need only charge VAT on any money he makes on the job. |
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