Quick question; if I’m acting as an intermediary for a ‘celebrity’ who charges VAT and I’m invoicing a company that pays VAT, but I don’t pay VAT what is the workaround if the mark up is 20 percent and therefore not worth it if VAT can't be charged.
I'll paint a picture. All people / companies used here are purely for example purposes
An agent (Jim) is in contact with David Beckham.
Adidas want to offer a deal to David Beckham.
Adidas are in contact with Jim and not Beckham.
Beckham pays VAT and so do Adidas, but Jim does not and his markup is 20 percent.
Beckham wants to charge VAT, Adidas are willing to pay VAT (but not an additional base fee), but Jim can’t charge VAT because he doesn't earn the threshold every year.
Is there anyway around it that doesn’t involve Beckham invoicing Adidas directly
Thank you in advance!!