Registered for VAT? You must add VAT onto your traders and caterers pitch fee
If you are registered for VAT are you charging your traders, caterers and market stalls the right amount? HM Revenue & Customs (HMRC) wants their share of the cake.
HMRC VAT office has made a ruling, supported by a test case in English courts, resulting in the need to charge VAT at the standard rate (currently 20% of total figure at March 2017) on rent and concession/tender rates paid by traders to 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.
Don’t get it wrong. Add VAT to the rent or concession and declare it with your VAT return. Many caterers and traders are also registered for VAT so will be able to claim it back. Those that are not still have to pay it to you (they are the end user).
So, to clarify, if your event is VAT registered you MUST pay VAT on top of the fee to all traders. If you are not VAT registered you don’t.
AFO: 14th Mar 2017 14:24:00
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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