06 June 2007
A client of ours is a self-employed artist and we would appreciate some advice regarding VAT registration. Our client receives monies for sales via his gallery. The gallery acts as an 'agent' for the artist and monies are paid to the client after the gallery deducts its commission of 50%. We have always been led to believe by HMRC that if a similar client receives say, monies of £40,000 in a twelve-month period, then the figure for turnover for VAT registration purposes would be £80,000 (i.e. before the 50% commission is deducted), and VAT registration should occur.
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