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Find an Accountant to answer question on how best to structure a deal

hi, I need help in how to present/structure two sales scenarios taking UK VAT into consideration for theatre ticket sales.

My business in not VAT registered. The clients who I will be working with are VAT registered.

Scenario One:

I will be selling their products and and retaining a commission, then passing along their share. I will be selling to consumers, then passing along majority of sale to business (vendor).

eg. £20 sale. Vendor gets £15, we get £5.

Scenario Two:

Is similar to the above, but there is also a charity involved. From these sales we will donate a share to the charity.

eg. £20 sale. Vendor gets £14, charity gets £2, and we get £4.

My question is how do I present this for each scenario and do I need to VAT register? I'm not at the threshold yet (not even half way there). But these sales will likely take me over it.

I need to understand how best to proceed today. Willing to pay £20 for the answer.

Skills: Accounting

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( 34 reviews ) LONDON, United Kingdom

Project ID: #15115493

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madhurna

Greetings! I am qualified Accountant with ten years of experience in accounts, VAT and HMRC compliance. I will advise you on how to take this deal ahead in best way. Please PM me to discuss further. Relevant Skills an More

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ABGondal1

Skilled Financial Analyst adept at increasing work process efficiency and profitability through functional and technical analysis Relevant Skills and Experience Business Analysis Financial Analysis Financial Modeling More

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freelancerneyer

VAT scenario response Relevant Skills and Experience Accounting Proposed Milestones £18 GBP - Accounting

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arslanu2

I will answer your queries.

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Inamurrehman1985

I have CA background and professional freelancer and able to deliver you quality work, time commitment and professionalism. Relevant Skills and Experience Accounting Proposed Milestones £20 GBP - Accounting I am abl More

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nikt1054

in 1st case commission on sale is chargeable to VAT. if your turnover is about to exceed the specified trashold limit then its good you apply for under voluntary registration. in 2nd charity is subject to reduce/zero r More

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