Hi All,
Are you supposed to charge VAT on a finance charge / credit extended? For e.g job costs 1000e inc VAT and will be paid off 100e a month over 11 months with a 100e finance charge - total cost 1100e. Should VAT also be calculated on the finance charge @ 23%?
Thanks,
Nutso
Are you supposed to charge VAT on a finance charge / credit extended? For e.g job costs 1000e inc VAT and will be paid off 100e a month over 11 months with a 100e finance charge - total cost 1100e. Should VAT also be calculated on the finance charge @ 23%?
Thanks,
Nutso
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