Reply To: VAT Impact of Selling Goods on no-commission basis

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30 November 2021 at 13:39 #56208
Greengiant
Member

Thanks for your quick response @Trevor S

So I know you can become VAT registered for a date up to 4 years prior. My understanding is if my brothers business became vat registered he would be able to reclaim the cost of the items. 

Would that mean the £600 I paid to him. Does that then become a VAT supply of his commission that I can reclaim the cost on?

He would then report the commission in his sale turnover?