Do you charge an administration fee?
Wednesday 6th July 2011 — admin
Giveacar is a social enterprise and we do charge an admin fee plus VAT. This fee is used solely for the purpose of running the scheme to cover our operating costs, such as the office we rent and the three members of staff we employ. The company directors have never taken a penny from the scheme, one is advisory and the other works voluntarily. Our admin fee is 25% for cars fetching anything under £150, anything over £150 an additional 5% is retained. All our fees are subject to VAT.