Confirmation on VAT situation please

Could someone please clarify my understanding of a VAT point for zero rated businesses.  I'm pretty sure I know the answer but it would be nice to have this confirmed before I meet a prospect this afternoon.

This prospect (sole trader) sells pies at farmers markets and similar.  Now I know I need to confirm that these are sold cold to be consumed away from his stall (i.e.: no seating area outside his stall) for the supply to be zero rated, but at this stage I'm pretty sure this is the case.

Obviously he would charge no VAT on the supply and can claim all of his input VAT back.  I just need to confirm that the reclaimed input VAT isn't assessed as income on his self assessment.  I don't believe it is but it seems a pretty good scheme if not - so good that I'm wondering if I've missed something.

Thanks in advance

Comments
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It's not a 'scheme'

BKD |
BKD's picture

Thanks BKD - that's what I

ChrisScullard |
ChrisScullard's picture

You seem confused

Chris Smail |
Chris Smail's picture

Confused?

BKD |
BKD's picture

Let me get this straight

George Attazder |
George Attazder's picture

OK - to clarify for those

ChrisScullard |
ChrisScullard's picture

The penny drops

BKD |
BKD's picture

Be careful

Roland195 |

I had a filling...

George Attazder |
George Attazder's picture

yes you are confused:

david5541 |

.

blok |
blok's picture

Incidentally

George Attazder |
George Attazder's picture

What ingredients would make them VAT'able

Peter Kilvington |

Oh Dear!

MartinGatehouse |

Rule change

kross |

I was waiting for it !

The Black Knight |

If only

Tom 7000 |
Tom 7000's picture

You should sell Pies

The Black Knight |

When I was at Accountancy

Tom 7000 |
Tom 7000's picture

SSAP5

The Black Knight |

I wonder if the chancellor

Stalytax |

There is no change (yet!)

George Attazder |
George Attazder's picture

George

Constantly Confused |
Constantly Confused's picture

Most of it's on HMRC's site

George Attazder |
George Attazder's picture

Ahhh

Constantly Confused |
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