A company buys a tyre for €100 + 23% VAT.
It sells the same tyre as well as providing a fitting service.
Can it split the VAT on the sales price? e.g.
Tyre €100.00 + €23.00 VAT (23%) = €123.00 (i.e cost price)
Fitting €30.00 + €4.05 VAT (13.5%)= €34.05
Total SP €130.00 + €27.05 VAT = €157.05
It sells the same tyre as well as providing a fitting service.
Can it split the VAT on the sales price? e.g.
Tyre €100.00 + €23.00 VAT (23%) = €123.00 (i.e cost price)
Fitting €30.00 + €4.05 VAT (13.5%)= €34.05
Total SP €130.00 + €27.05 VAT = €157.05