| VAT [message #382985] |
Sa, 22 April 2006 10:26 |
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If I am charged interest on an overdue lease payment, would it be correct to
have to pay VAT on the interest?
--
D Booth
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| Re: VAT [message #382991 ] |
Sa, 22 April 2006 11:38 |
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David Booth wrote:
> If I am charged interest on an overdue lease payment, would it be correct
> to have to pay VAT on the interest?
No.
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| Re: VAT [message #382996 ] |
Sa, 22 April 2006 11:58 |
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In message <TQm2g.57409$wl.37887 [at] text.news.blueyonder.co.uk>, Ronald
Raygun <no.spam [at] localhost.localdomain> writes
>David Booth wrote:
>
>> If I am charged interest on an overdue lease payment, would it be correct
>> to have to pay VAT on the interest?
>No.
What if it were a vattable building?
--
Timothy
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| Re: VAT [message #382998 ] |
Sa, 22 April 2006 14:30 |
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David Booth wrote:
> If I am charged interest on an overdue lease payment, would it be correct to
> have to pay VAT on the interest?
>
> --
> D Booth
Lease on a VATable business premises? Lease on a "lease hire" of
equipment?
Interest charged by a bank is zero rated, but it is easy to see how an
additional payment on a lease might become part of the lease charge
itself.
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| Re: VAT [message #383010 ] |
Sa, 22 April 2006 18:40 |
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me [at] privacy.net wrote:
> In message <TQm2g.57409$wl.37887 [at] text.news.blueyonder.co.uk>, Ronald
> Raygun <no.spam [at] localhost.localdomain> writes
>>David Booth wrote:
>>
>>> If I am charged interest on an overdue lease payment, would it be
>>> correct to have to pay VAT on the interest?
>>No.
>
> What if it were a vattable building?
Irrelevant. Interest is not vattable. Of course if it's not really
interest but an extra charge, or even an "admin" charge, that would
be a different matter.
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