Buyback Services, i.e Cash Converters
Hi all!
Just a very quick question that is hopefully answerable.
Does anyone know if the 28 buyback service shops like cash converters offer is classified as a loan or a sale? Would they have to pay VAT on the premium they put on top of your "borrowed" amount?
Kind regards,
James a newbie.
Just a very quick question that is hopefully answerable.
Does anyone know if the 28 buyback service shops like cash converters offer is classified as a loan or a sale? Would they have to pay VAT on the premium they put on top of your "borrowed" amount?
Kind regards,
James a newbie.
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