My agent collects rent from my student tenants along with a monthly utilities charge.as part of their "Bills Inclusive" package
In the past, the utilities charge to my tenants has always included VAT at 5% (as per normal domestic bills) however the agent has now told me that his accountant has said that he should be adding VAT at 20%
In other words a 15% increase on what we have charged previously.
I cant find anything on-line to confirm if the accountant is right or wrong so what does the panel think ?
Thanks
In the past, the utilities charge to my tenants has always included VAT at 5% (as per normal domestic bills) however the agent has now told me that his accountant has said that he should be adding VAT at 20%
In other words a 15% increase on what we have charged previously.
I cant find anything on-line to confirm if the accountant is right or wrong so what does the panel think ?
Thanks
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