WHAT'SFREE?
Registered User
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Wondering if anyone can shed any light on this issue please?
If the Management Agent is VAT registered, then they don’t pay (or claim back) the VAT which is charged by the various contractors providing services to the development (ie landscapers, window cleaners, parking control company etc).
If that is correct, then why, when residents' fees are calculated and budgets circulated are the management fees based on the VAT INCLUSIVE costs?
Am I mistaken, or is the Agent pocketing the balance between the ex and inclusive of VAT charges?
If the Management Agent is VAT registered, then they don’t pay (or claim back) the VAT which is charged by the various contractors providing services to the development (ie landscapers, window cleaners, parking control company etc).
If that is correct, then why, when residents' fees are calculated and budgets circulated are the management fees based on the VAT INCLUSIVE costs?
Am I mistaken, or is the Agent pocketing the balance between the ex and inclusive of VAT charges?