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My client is a VAT-registered trader.
He trades principally as a jeweller but has recently started selling silver bullion on eBay.
The silver bullion is sourced from a major refiner here in the UK and input VAT is paid and reclaimed on his VAT returns.
The sale of the silver bullion is made using eBay and PayPal. In both cases a commission is charged to my client before he receives the proceeds of sale of the silver bullion namely a commission charge from eBay and a handling charge from PayPal.
The customers for the bullion are virtually all retail clients.
The total amount of the commission is 3.4% for PayPal and 5.55% for eBay. It is the net amount which is remitted to my client from the sale.
It is my client’s assertion that he only pays output VAT on the net of charges figure received by...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
