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Commssion Vatable?

Commissions paid over by mortgage lenders and insurance providers, do these become subject to VAT?

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Re: Commssion Vatable?

Have you received a proper VAT invoice?

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No just a statement showing commission payable.

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Commission not Vatable
In that case the commission is exempt under Finance, Group 5 of Sch 9 to VATA 1994.

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Exempt

No vat agree with Novakova.

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