Until now the hire of stalls and other pitches used for temporary sales events have generally been considered to be the supply of land and exempt from VAT in accordance with Item 1, Group 1, Scedule 9 VAT Act 1994 and http://www.hmrc.gov.uk/vat/managing/reclaiming/partial-exemption.htm
But following discussions at EU level in connection with antiques fairs HMRC now feel that VAT should be chargeable at Standard Rate.
Not only that HMRC want VAT to be payable on add-on services such as promoting the fair, providing power and security which had been treated as incidental and VAT exempt.
The change in policy (according to http://www.tipsandadvice-vat.co.uk) came about following a VAT inspection and the decision is now being appealed.
Whilst the case applies to antiques if HMRC win it will be applied to:
- Car Boot Sales
- Services Office Accomodation
- Market Stalls
This could have a massive effect on small traders who are not VAT registered.
steve@bicknells.net
You actually make it seem so easy together with your presentation however I to
find this topic to be really one thing that I believe I might by
no means understand. It kind of feels too complex and very
extensive for me. I’m looking forward on your next post, I will try to get the hang of it!
I like what you guys are usually up too.
This type of clever work and reporting! Keep up the
fantastic works guys I’ve added you guys to my personal blogroll.
My partner and I stumbled over here different page and thought I might as well check things out.
I like what I see so i am just following you.
Look forward to looking into your web page repeatedly.
Hi Dear, are you actually visiting this site daily, if so then you will without doubt get good
experience.
Good way of telling, and pleasant post to take data regarding my presentation subject
matter, which i am going to present in college.
Hello everyone, it’s my first go to see at this site, and post is actually fruitful in support of me, keep up posting these types of articles.