A TAX REMINDER
Readers from some time back will remember that in January 2017 I put an article out through AFO News about HM Revenue and Customs VAT Office asking us to ensure that stall rents, market traders, caterers etc. were charged VAT for those festivals that are registered for VAT.
This is simply a reminder. I repeat the article here as there has been some recent evidence in the news that the HM VAT Office are keeping an eye on it.
Don’t get caught out!
Market stalls and caterers to be taxed.
A recent ruling by HM Revenue and Customs VAT Office has changed the way that festivals and events registered for VAT should be charging the rent and concessions to market traders and caterers.
“HM Revenue & Customs VAT office has made a ruling, supported by a test case in English courts, resulting in the need to charge VAT at standard rate (currently 20% of total figure at December 2016), on rent, concession/tender rates paid by traders at festivals and events that are registered for VAT.
e.g. A £100 stall rent will now be £100 + VAT = £120.
This is of no benefit to the festival/event organiser – it is a TAX by HMRC.”
This of course only applies to festivals and events that are registered for VAT, not those who have yet to get to the VAT level.
Should anyone need further advice contact AFO office or your own accountants”.
Steve Heap: 16th May 2018 11:56:00
Gdpr (general Data Protection Regulations)
Members will have read lots about GDPR over the last few months. It is shortly to become law and you need to make sure you are up to speed. By far the best advice we can offer you is to look at the website www.ico.org.uk look at their section on GDPR 'Twelve Steps to Take Now'. This is taking the words straight from the horse's mouth and there is also a questions and answers section if you get into difficulties. It is not an onerous task, for most of our members it will hardly affect us, but there are some points there that need to be noted.
24th May 2018
Everyone and their dog is talking about the new GDPR regulations coming in May this year. But very few people are offering you a concrete solution.
24th May 2018
Head For The Hills Festival Wins Id&c’s Bursary!
ID&C, the UK’s leading provider of security wristbands for festivals and live events, has announced Ramsbottom’s Head for the Hills Festival as the winner of its Grass Roots Festival Bursary and recipient of the £2500 grant.
21st May 2018
A Tax Reminder
Market stalls and caterers attract VAT!
16th May 2018
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