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Claim VAT from our franchise company
neville1967
Posts: 1 Newbie
I have run a franchise for the last 4 years. The company told me to register for VAT and I am on the flat rate scheme.
I do not earn enough to pay the VAT but it's in my contract to do so. As I am on the flat rate scheme do the company I franchise from claim the VAT back as they would be the ones who show the larger turnover and would I be entitled to some of that back as all us franchise owners have to pay the VAT?
I do not earn enough to pay the VAT but it's in my contract to do so. As I am on the flat rate scheme do the company I franchise from claim the VAT back as they would be the ones who show the larger turnover and would I be entitled to some of that back as all us franchise owners have to pay the VAT?
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Comments
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You should talk to your accountant about this or perhaps at least post in the business forum on here
https://forums.moneysavingexpert.com/categories/small-biz-charities-moneysaving
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