VAT · principal model
Finance & tax
Outstanding
£21,960.00
2 open invoices
Overdue
£4,704.00
Aged debt chased automatically at +3 / +14 days
VAT collected this period
£5,490.00
Single 20 % rate
Revenue split by VAT rate — today
Principal model · VAT charged on the full fare. TOMS not applied (excluded 02 Jan 2026).
| Invoice | Account | Issued / due | Basis | Net | VAT | Gross | Status |
|---|---|---|---|---|---|---|---|
| INV-UK-2026-084162 jobs | Barrington Capital | 01 Jul 2026due 31 Jul 2026 | Principal · VAT on full fare | £14,380.00 | £2,876.0020 % | £17,256.00 | Sent |
| INV-UK-2026-083918 jobs | Northbank LLP | 01 Jul 2026due 15 Jul 2026 | Principal · VAT on full fare | £3,920.00 | £784.0020 % | £4,704.00 | Overdue |
| INV-UK-2026-083634 jobs | Meridian Travel | 01 Jun 2026due 01 Jul 2026 | Principal · TOMS excluded from 02 Jan 2026 | £9,150.00 | £1,830.0020 % | £10,980.00 | Paid |
Supply model — principal vs disclosed agent
Decides whether VAT is due on the whole fare or on booking commission only. Resolved per job and stamped onto the invoice.
Model
Principal
Legal supplier
Meridian Ops UK Ltd
VAT base
£320.00 · Full fare
VAT due @ 20 %
£64.00
London PHV operator — contract is with the passenger as principal, VAT on the full fare.
Immutable ledger
Issued documents are locked and fingerprinted. Corrections are made by issuing a credit note, never by editing the original — the sequence stays unbroken.
| Document | Account | Model | Net | VAT | Gross | Status | |
|---|---|---|---|---|---|---|---|
| INV-UK-2026-0841Invoice · 01 Jul 2026 | Barrington Capital | Principal | £14,600.00 | £2,848.00 | £17,448.00 | issued | |
| INV-UK-2026-0839Invoice · 01 Jul 2026 | Northbank LLP | Principal | £3,920.00 | £784.00 | £4,704.00 | overdue | |
| INV-UK-2026-0836Invoice · 01 Jun 2026 | Meridian Travel | Disclosed agent | £2,013.00 | £402.60 | £2,415.60 | credited | |
| CN-UK-2026-0044Credit note · 04 Jun 2026 | Meridian Travel | Disclosed agent | -£246.00 | -£49.20 | -£295.20 | issued | |
| INV-UK-2026-0845Invoice · 05 Jul 2026 | Ashcroft & Vane Solicitors | Principal | £6,933.00 | £1,329.00 | £8,262.00 | paid | |
| INV-UK-2026-0848Invoice · 08 Jul 2026 | Halstead Private Office | Principal | £3,200.00 | £640.00 | £3,840.00 | issued |
Payments · 3DS2 / SCA
Every card charge runs strong customer authentication. Frictionless where the issuer accepts the risk signal, challenge otherwise, with documented exemptions for merchant-initiated repeat billing.
pi_demo_84120
Visa ···· 4242 · £175.20 · INV-UK-2026-0841
ECI 05 · DS transaction 3ds2-8f21-44a0-9c11 · auth A18823
- 01 Jul 09:12 — PaymentIntent created · SCA required
- 01 Jul 09:12 — 3DS2 authentication requested (browser fingerprint sent)
- 01 Jul 09:13 — Issuer returned a challenge — one-time passcode
- 01 Jul 09:14 — Challenge completed · ECI 05 · liability shift to issuer
- 01 Jul 09:14 — Authorised and captured
pi_demo_84131
Amex ···· 1005 · £47.04 · INV-UK-2026-0839
ECI 07 · DS transaction 3ds2-6b02-4991-8ac4
- 02 Jul 11:02 — PaymentIntent created
- 02 Jul 11:03 — Issuer challenge issued
- 02 Jul 11:06 — Challenge abandoned — no liability shift, payment declined
Chauffeur settlements
Weekly self-billing statements: fares, commission, tips, tolls and deductions, split by engagement type.
James Okaforself employed · 22 Jun – 28 Jun 2026
SET-UK-2026-31 · Faster Payments · FP-88213-A
£695.10
paid| Job | Fare | Share | Commission | Tips | Tolls | Deductions |
|---|---|---|---|---|---|---|
| LDN-2480122 Jun | £310.00 | £217.00 | −£93.00 | £20.00 | £15.00 | — |
| LDN-2481224 Jun | £148.00 | £103.60 | −£44.40 | £0.00 | £0.00 | — |
| LDN-2482927 Jun | £420.00 | £294.00 | −£126.00 | £35.00 | £22.50 | −£12.00 |
Priya Ramanemployed · 22 Jun – 28 Jun 2026
SET-UK-2026-32 · Payroll (PAYE) · PAY-2026-27
£254.65
approved| Job | Fare | Share | Commission | Tips | Tolls | Deductions |
|---|---|---|---|---|---|---|
| LDN-2480523 Jun | £96.00 | £62.40 | −£33.60 | £5.00 | £0.00 | — |
| LDN-2481825 Jun | £265.00 | £172.25 | −£92.75 | £15.00 | £0.00 | — |
Elena Marchettiself employed · 29 Jun – 05 Jul 2026
SET-UK-2026-33 · Faster Payments · FP-88410-C
£1,110.70
approved| Job | Fare | Share | Commission | Tips | Tolls | Deductions |
|---|---|---|---|---|---|---|
| LDN-2490229 Jun | £486.00 | £340.20 | −£145.80 | £40.00 | £17.50 | — |
| LDN-2491501 Jul | £275.00 | £192.50 | −£82.50 | £10.00 | £0.00 | — |
| LDN-2493104 Jul | £640.00 | £448.00 | −£192.00 | £60.00 | £27.50 | −£25.00 |
Grace Adeyemiemployed · 29 Jun – 05 Jul 2026
SET-UK-2026-34 · Payroll (PAYE) · PAY-2026-28
£412.50
draft| Job | Fare | Share | Commission | Tips | Tolls | Deductions |
|---|---|---|---|---|---|---|
| LDN-2490830 Jun | £212.00 | £137.80 | −£74.20 | £0.00 | £15.00 | — |
| LDN-2492703 Jul | £358.00 | £232.70 | −£125.30 | £20.00 | £15.00 | −£8.00 |