20i Reseller Hosting

providing invoices for domain sales?

Discussion in 'Sedo' started by mally, Mar 18, 2013.

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  1. mally United Kingdom

    mally Well-Known Member

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    Hello,

    I've sold a domain name for £500.00 (via sedo)

    Minus Sedo's cut I receive into my bank account £400

    The buyer of the domain has asked me to provide a VAT receipt.

    Obviously the buyer has paid £500 so would expect an invoice with that amount, but I didn't actually receive that amount, how do I deal with that?

    Any advice please? cheers Mally
     
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    Acorn Domains Elite Member

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  3. bb99 United Kingdom

    bb99 Well-Known Member

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    When you sell by Sedo you have two transactions to deal with at your end:

    a) A sale for the total amount

    b) An expense for Sedo's commission


    To answer your question depends on whether you're VAT registered. If you are VAT registered then you need to supply an invoice for £416.66+VAT (which is £500). If you are not VAT registered then you need to supply an invoice for £500 and explain that you're not VAT registered.
     
  4. fscisum

    fscisum Active Member

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    Actually, I have been asked to create the invoices a few times, but I didn't really have time to do it. I genuinely forgot to do so, but things were still ok. My customers didn't keep asking me for the invoices, and their requests dropped out.
     
  5. boxfish United Kingdom

    boxfish Well-Known Member

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    That's because your buyer only gets two chances to request an invoice through Sedo - then the option is taken away from them.

    I requested an invoice for one of my purchases through Sedo but the Seller was too busy bragging on here about what a great price they got to send me an invoice.
     
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