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Please could someone with a company based in the UK let me know how the VAT/commission deduction works on app sales through Apple? If the customer pays £5.00 then is it as follows:
User pays = £5.00;
20% VAT deduction = 83p;
Net = £4.17;
30% commission to Apple on net of £4.17 = £1.25;
Net payment to developer = £2.92.
And does Apple provide a VAT statement on all sales too?
Thanks - can't work this out from the lengthy Paid Applications Agreement!