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Deposits held and VAT registration

VAT treatment for deposits and balances pre / post registration

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A new one for me, client has a party business and has taken deposits for events they intend to run in the summer. Their customers pay the client balances upon delivery of the event. They intend to become VAT registered in the spring.

What guidance is there on VAT treatment for;

  • The deposit of the event, taken pre VAT registration and delivered post VAT registration
  • The balance paid post VAT registration for the invoice raised pre VAT registration


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09th Jan 2019 22:23


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10th Jan 2019 12:01

Tax Point rules in Notice 700 are the place to start.
And VATTOS5100 in the HMRC Manual.

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