Commission invoice

[pjo]

Hi

I’m new over here and I’m not in the vending business yet. I’m thinking about it.

I’ve got one question... Well, I’ve got more of them, but this one is really bothering me:

When you pay the commission to the landlord/site owner, does he give you an invoice or you give him an invoice? I saw a kind of invoice on tubz vending website and it looks like the vendor gives invoice to the landlord. Where can I get this kind of invoice and does it has any special name (that invoice)?

[Venderbase]

I use a duplication book from Staples.
Just write how much was take and how much commission paid.

[kris@tubzbrandsltd]

Hi there..Welcome to the forum..

we do our invoice pads @ £3.99 + vat, the more you buy the cheaper they get... hope this helps??

[Happyvending]

dont worry about invoices mate,just make a note for yourself, lots of landlords just put the money in thier pocket and dont like written proof for tax reasons..

end of yr accounting can be done just as easy by adding the amount you have bought and then take away stock left..

[Coin Operated Group]

I know this has been discussed before but cant remember outcome, accountant and HMRC have both said to me the venues need to invoice you for there commisions. I know a lot of them dont and wont but that is the official line anyway.

[Rossi fan]

I know this has been discussed before but cant remember outcome, accountant and HMRC have both said to me the venues need to invoice you for there commisions. I know a lot of them dont and wont but that is the official line anyway.

So long as you have a duplicate of the receipt that you give to the site, with their signature on, you satisfy the law. Its up to the site, if they bin the receipt. If the tax man wanted to, he could pick receipts from your accounts and cross check with the sites accounts, but I doubt they would for the little it amounts to. The main thing is to keep your books accurate, then you have nothing to fear from anyone.

You can get pads made up, similar to tubz vending ones for much less at your local printer, but you need to buy a small batch. I bought 300 and they were £372 including Vat- but this was a while ago.

Paul

[Coin Operated Group]

I know this has been discussed before but cant remember outcome, accountant and HMRC have both said to me the venues need to invoice you for there commisions. I know a lot of them dont and wont but that is the official line anyway.

So long as you have a duplicate of the receipt that you give to the site, with their signature on, you satisfy the law. Its up to the site, if they bin the receipt. If the tax man wanted to, he could pick receipts from your accounts and cross check with the sites accounts, but I doubt they would for the little it amounts to. The main thing is to keep your books accurate, then you have nothing to fear from anyone.

You can get pads made up, similar to tubz vending ones for much less at your local printer, but you need to buy a small batch. I bought 300 and they were £372 including Vat- but this was a while ago.

Paul

Also if your VAT registered (not flat rate) and you get an invoice you can then claim the vat back on the commisions paid.

[Dave]

Toy vend can provide invoice pads that are very usefull for vat registered opperators, top part is site reciept and bottom part is a self invoice for the commission paid to site, covers all the angles

[Ade]

ebay do invoice pads and are way cheap. tap in duplicate books. i keep all my old invoice books

Ade