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Post Info TOPIC: vat ON TICKET SALES


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vat ON TICKET SALES
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Hi

 

I just wondered if someone could confirm that there is no exemption on ticket sales for VAT?

 

Tony



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Hi Tony,

There are some exceptions related to cultural events (see 701/47) (#1) but in general a ticket is simply a prepayment of a service so there is no exemption on ticket sales for VAT.

Where things do get a little confused with ticket sales is over agent relations but that's a whole different question

all the best,

Shaun.

#1 apparently if a Zoo if run by a local authority it's a cultural event but if it's privately owned it isn't! Go figure.

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Shaun

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Hmm. Thank you for the reply.

The only issue is we purchased the tickets and then sold them on. I guess we acted as an agent does that confuse matters?

Tony

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No, you actually purchased the tickets and sold them rather than acting as an agent and receiving only the commission on the sale.

Basically for a while you actually owned the tickets. An agent never does, they simply represent a third party in the sale.

Shaun.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



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Cheers, that makes perfect sense.

Tony

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