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My query relates to the raising of VAT invoices with regard to an agent/principle relationship. My understanding from notice 700 is that where an agent (in this case a music agent) is acting as agent between a third party (promoter) and principle (band) i.e. is raising a contract between the promoter and the band then the principle MUST raise the VAT invoice and either, pass to the agent to forward onto the promoter or send direct to the promoter. At the present time I know of a situation where the agent is raising a contract between the promoter and band but is also raising the VAT invoice on behalf of the band. Will HMRC be happy about this? – is there a situation where this would be acceptable? If it’s not acceptable what are HMRC likely on an inspection?

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