VAT and Membership Subscriptions

Q: Hi, We sell a membership for about £40 a year, inc VAT. The service allows the members to receive discounts. We also send them a book (worth £20) and 4 magazines a year (worth in total £10), we do not currently charge them an additional amount for these extra...

VAT and Online Ad sales revenue

Q: I am in the process of forecasting for a start up business. This business will generate a significant proportion of its income from online advertising revenue. These adverts will be provided by an intermediary AD sales agency operating from the UK. I am struggling...

Reconciling VAT on Discounted Orders

Q: Say I have the following order (all prices VAT-inclusive): product1 €100 (vat standard) product2 €80 (vat reduced) product3 €70 (vat zero) The company wants to offer a €10 discount. The final price will be €240. According to VAT rules, how much standard VAT should...

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