Fee Schedule
As described in the Equiyd Terms and Conditions the following fees apply when buying a horse:
Name: Deposit Fee*
Fee %: 5%
Description: 5% of the Deposit* amount. (Example: £100 Deposit = £5 +VAT)
VAT Rate**: 20% (Example: £100 Deposit = £5 + 20% VAT = £6 Deposit Fee)
Name: Service Fee*
Fee %: 1%
Description: 1% of the Purchase Price. (Example: Purchase Price of £1000 = £10 +VAT)
VAT Rate**: 20% (Example: Purchase Price of £1000 = £10 + 20% VAT = £12 Service Fee)
*Refer to the Terms and Conditions for the full definitions
**As Equiyd is providing a service then VAT is chargeable on the Deposit Fee and Service Fee