I run a UK based LTD company - VAT registered. I have an Agency contract from a large NL company. We will shortly start to receive quarterly commission payments on sales of goods manufactured in The Netherlands, to their customer in the U.K. The commission payments will be automatically generated, so no invoice has to be raised.
In addition we receive a quarterly retainer payment. An invoice is requested for this.
Question:
Are we liable for VAT for the automatic commission payments received? Ie. Do we need to invoice the VAT element?
Should I charge them VAT for the quarterly retainer agency payment?
Thanks
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