VAT Firewood

[Buzzsurgeon]

What's the set up for Vat and firewood, buying standing timber and processing into split firewood sold to domestic and commercial markets?

 

Cheers Brett

[Stephen Blair]

What's the set up for Vat and firewood, buying standing timber and processing into split firewood sold to domestic and commercial markets?

 

Cheers Brett

 

i was told from a good source on friday that selling firewood to the domestic market should be charged at 5 %, i am going to double check with customs:001_smile:

[mikey10]

I was looking on the hmrc website, as far as i could make out timber you buy will be 15% VAT and selling to public for domestic use is 5%, but if you sell it to someone who is going to resale it, ie to a garage bagged, the vat is then 15%, i am going to phone hmrc to double check this though.

[Steve Bullman]

mikey is correct. 5% to domestic but you will buy it in at full rate.

[Stephen Blair]

mikey is correct. 5% to domestic but you will buy it in at full rate.

 

thats good news:001_smile:

[carver]

Been selling it at 5% for a while. Thats the correct rate.

[KYPE]

5% VAT, on timber bought in from timber merchants etc, for firewood use. Selling to public 5% vat (fuel rate ) if you are vat registered.Hope this helps,K.

[KYPE]

Just a wee extra point. If you charge delivery for firewood,this has to be at 15% vat. HMRC kindly pointed this out to us after we had been charging 5% on the full invoice inc. delivery. Two years to notice:scared1: oops! K

[Arran Woodfuels]

inc. delivery

 

To get around that, state that it is FREE delivery.

[Stephen Blair]

To get around that, state that it is FREE delivery.

 

thats my plan angus, customer in dalry was delighted and i have 6 more big bags going out friday night.:001_smile:thanks again