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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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.