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VAT (Value Added Tax)

A tax on most goods and services, charged by registered businesses in the UK, Ireland and Europe.

Updated

VAT is a consumption tax charged by VAT-registered businesses in the UK, Ireland and across Europe. It works much like GST in Australia and New Zealand.

Registration thresholds and rates vary by country. This is general information, not tax advice.

For example: a UK heating engineer registered for VAT charges £300 plus 20% VAT on a boiler service, invoicing £360. The £60 is paid to HMRC, less the VAT on the parts the engineer bought.

How Primemgr handles this

Every priced line in Primemgr has a tax code, so VAT is calculated per line at its own rate and totalled on the quote or invoice.

Related

Invoice payment terms: net 30, due on receipt and what to put on yours

Payment terms tell the customer when and how to pay. The common terms explained, what the law says about late payment in a few countries, and which terms suit a service business.

VIN (Vehicle Identification Number)

The unique 17-character code that identifies a specific vehicle.

Work order

The record of one piece of work: what is being done, for whom, where, and its progress.

Callback

A return visit to fix or finish work that should have been right the first time.

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Fourteen days on the plan you choose, a reminder before the first charge, and an export of everything you put in if you decide against it.

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