conveyancing fees / vat

shane42

Can someone please tell me if VAT is payable on the following please?

Land reg fee on purchase
completeion search fee
stamp duty E submission on your purchase
bank transfer fee


seems odd i should pay Vat on these items

thank in advance

JasonLVC

Land Reg Fee - No VAT

Completeion Search Fee - No VAT

Stamp Duty E-submission - No VAT

Bank Transfer Fee - No VAT

Your solicitors bills may show the above fees alongside his own fees. His fees will be VATable and the other fees are known as disbursements and No VAT applies but on first glance of an invoice from your solicitor it may look like they have, but that shouldn't be the case.

shane42

thanks Jason
i thought this to be the case , the quote definantly shows vat on these items Except i think the completion search and the land registry fee it reads

fees on purchase £200
bank transfer £30
completeion search £4
land registry fee £50
non refundable abort fee £30
stampduty E submission fee £40
tracker fee (view progrees on internet £6
total £160

summary
fee £200
other payments £160
VAT £53.55
TOTAL £413.55

(£200 + £160 - £ 50 and -£4 = £306 * 17.5 % = £53.55

so am i being over charged on the bank transfer ?
thanks

jayencee

In my firm, we do charge VAT on the bank TT fee and I presume the stamp duty e-submission fee is part of the solicitors services so that will also incur VAT

JasonLVC

jayencee wrote: »

In my firm, we do charge VAT on the bank TT fee and I presume the stamp duty e-submission fee is part of the solicitors services so that will also incur VAT

Thanks Jayencee, you are quite correct regarding the bank transfer fee, and the e-submission fee are a standard rated supply.

My mistake OP. I'm usually in bed by now is my excuse. :D

shane42

thanks to you both , i appreciate your help

martindow

I think the general principle is that if the main item is vatable then the whole lot has VAT added. It is similar to selling something liable to VAT by mail order VAT is added to the postage and the item even though stamps have no VAT element. If you are selling a book for example which is zero VAT then the postage is also zero rated.

timmyt

shane42 wrote: »

Can someone please tell me if VAT is payable on the following please?

Land reg fee on purchase NO
completeion search fee No, (those searches are land registry ones and means £4 and possibly £2 bankruptcy per name on your mortgage)
stamp duty E submission on your purchase there is no such fee. You've got a dodgy law firm acting. This is a sneaky charge.
bank transfer fee YES as the law firm do not get charged. It is their time in submitting the funds this way.


seems odd i should pay Vat on these items

thank in advance

please see above in red. good luck OP

shane42

Thanks Timmy