Ebay accounting and Margin scheme - VAT

Ebay accounting and Margin scheme - VAT

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....has asked HMR&C to include ebay costs, paypal costs and postage and packaging within the margin calculation for their VAT.

HMR&C have responded with no on all cases. Page 17 of the notice 718 states that purchase price must be the price on the invoice and not include repairs, refurbishment and business overheads.

Does anyone have a similar case or been able to account differently to stated above?

Thanks - LAF
LAF

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By User deleted
21st Apr 2008 14:41

I Have No Idea At All...

...but you should read the article in yesterdays Sunday Times (page 7) regarding forthcoming significant changes in the way that eBay are now going to operate.

..."Sellers revolt as eBay goes corporate". Seems like the end of an era!

www.taxenquiry.co.uk

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