input tax recovery on event

input tax recovery on event

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where a company hires a venue and provides food & drink to launch a new product and invites potential customers can any of the VAT be recovered?

the VAT will charged on the combined supply of space & hospitality

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chips_at_mattersey
By Les Howard
06th May 2014 10:34

Input Tax

Input tax is prohibited on 'business entertainment.' The definition is broad (PN 700/65, chapter 2).

Where the venue charges VAT, have they opted to tax? If not, then perhaps you should not be charged VAT on this element of the service.

 

 

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By nick farrow
06th May 2014 11:35

thanks leshoward

I suppose if there was no significant  food & drink at the exhibition/product launch demonstration the input tax would be recoverable

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