Sorry launching in without an introduction for now (but very pleased to have found this site!)
I have a client who has just set up a business whereby he offers consultancy/valuation services on large industrial plant and receives commission on the actual point of sale.
I have a couple of questions on accounting for VAT and such like.
Firstly, trips within the EU where expenses such as travel and accomodation are incurred. Should I record these costs with T7/T8 EU applicable transactions so these purchases are captured in Box 9 of the VAT return- although obviously there will be no recoverable VAT due and I don't think the sums involved will be worth registering in other countries.
On the sales sides I believe the majority of these sales will be to non-EU countries. For example the first sale was to a company in Cameroon. Here the invoice raised was in GBP and included a 15% local withholding tax. So that £11,764.71 was invoiced with £1,764.71 identified as tax @ 15% so that £10,000 was the actual amount paid.
So would I just book this sale as £10,000 with a T9 (non-UK relevant) VAT code? So it does not appear anywhere on the VAT form?
