So, I have a client who includes his monthly VAT lettings invoices as part of his quarterly VAT returns.
He managed the property himself and accordingly invoiced his tenants for the rents.
He has now changed this and appointed an agent who is charging my client a quarterly fee payable at the beginning of what looks like each VAT quarter.
So my question is in the absence of paperwork that my client is unable to get from the agent, does he invoice the management agent for amounts received net of their charges: or for the gross amount of rents due and then create a self billing invoice internally for the agent charges for which he would obviously charge as expenses in his accounts..
What happens if there are repairs and renewals charged by the management agent along the way as there will surely be?