The Accidental Smallholder Forum

Community => Coffee Lounge => Topic started by: Penninehillbilly on February 28, 2026, 06:34:21 pm

Title: Auction sales and Vat
Post by: Penninehillbilly on February 28, 2026, 06:34:21 pm

Hi all, I'm a bit worried about filling vat return in wrong,
Can anyone advise?
Eg, say (Figures plucked out of air )
sheep sold for 150.00
Commission 10.00
VAT. 2.00


What goes where?
does the whole 150 go in sales, or 138? I'm losing the plot here. :(
TIA, (I hope  :) [size=78%])[/size]

Title: Re: Auction sales and Vat
Post by: SallyintNorth on February 28, 2026, 09:44:40 pm

As far as general accounting principles go, yes the sales are the whole £150.

Commission is a cost of sale.

As far as VAT returns, it's over 2 decades since I had to do one, so I think I better leave that part to someone who is more current!

Title: Re: Auction sales and Vat
Post by: Penninehillbilly on February 28, 2026, 11:27:24 pm

Thanks Sally,
Had a break and the brain fog cleared, seems obvious now.  :)