VAT on market ticketed entry

[interestedparty]

Hi, we are running some one-off markets, with various stalls, and maybe some live music being played. Should we be charging the hospitality rate of VAT, 5% (12.5% from 1st October), or standard rated VAT (20%)?

[eek]

Hi, we are running some one-off markets, with various stalls, and maybe some live music being played. Should we be charging the hospitality rate of VAT, 5% (12.5% from 1st October), or standard rated VAT (20%)?

Ask your accountant, the hospitality rate is for defined items so it's possible it may depend

[ladymuck]

The guidance is here but, yes, ask your accountant

https://www.gov.uk/guidance/vat-redu...nd-attractions

[courtg9000]

Talk to your accountant BUT from what you seem to be saying the VAT rates will probably differ per item being invoiced. It will probably make invoice creation a ball ache.

[interestedparty]

Talk to your accountant BUT from what you seem to be saying the VAT rates will probably differ per item being invoiced. It will probably make invoice creation a ball ache.

We are only providing the location for the market, so the individual stall-holders pay us, which I believe is exempt as far as VAT is concerned - so it's not complicated or a per item situation in that sense. We usually don't sell tickets for these markets, but a few times a year we tie them in with cultural performances from local musicians, dancers, etc - and these are the ones we sell tickets for.

[john@UKCA]

We are only providing the location for the market, so the individual stall-holders pay us, which I believe is exempt as far as VAT is concerned - so it's not complicated or a per item situation in that sense. We usually don't sell tickets for these markets, but a few times a year we tie them in with cultural performances from local musicians, dancers, etc - and these are the ones we sell tickets for.

The ticketed entry (normally standard rated for vat) will qualify for the reduced hospitality rate 12.5% from 1st October.

Pitch fees are exempt from VAT

Need to check out the VAT Partial Exemption Rules to see if they apply - if they do then your vat input tax claims are going to be restricted.

[interestedparty]

The ticketed entry (normally standard rated for vat) will qualify for the reduced hospitality rate 12.5% from 1st October.

Pitch fees are exempt from VAT

Need to check out the VAT Partial Exemption Rules to see if they apply - if they do then your vat input tax claims are going to be restricted.

Thanks, this fits in with my understanding now that I've looked deeper into it :-)