Lottery Commission in shops?
A-Vic
Registered Posts: 6,970 Beyond epic contributor 🧙♂️
Has anyone come across these while doing a shops books?
Do you know if there is any vat implications? and what is the commission?
Do you know if there is any vat implications? and what is the commission?
0
Comments
-
Hi,
Yes I have come across this.
Camelot send out self billed invoices to the retailer in respect to the commission that is 'exempt' for VAT.
I do not know what the percentages are for the commission but I have provided posting instructions to clients in the past to enable them to process the VAT correctly.0 -
Though as much thanks Poodle
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 319 NEW! Qualifications 2022
- 157 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 92 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 274 Tax
- 136 Bookkeeping
- 7.2K General accounting discussion
- 201 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership