J jokerini Registered User Messages 91 24 Jul 2014 #1 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
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