One consequence of the COVID-19 pandemic is that holidays in the UK – or “staycations” – have become more popular than ever. This has come at the same time as the phasing out of the Basic Payment Scheme, which makes the profitability of many upland beef and sheep farms more difficult, and as a result, more farmers are looking at diversifying into farm tourism to support future businesses viability. Here we will look at the VAT issues that should be considered as part of the planning for such a venture:
Source: armstrongwatson.co.uk
Latest Posts in "United Kingdom"
- UK Eases VAT Grouping Rules to Attract Foreign Investment and Simplify Cross-Border Compliance
- Tribunal Rules Bespoke Autobiography Books by Story Terrace Qualify for VAT Zero-Rating
- Full VAT Recovery Allowed on Product Photography Costs in Littlewoods v HMRC Tribunal Decision
- FTT Favors Commercial Reality Over Contract in VAT Reclaim Case on Truck Fuel and Repairs
- HMRC Updates VAT Exemption for Temporary Medical Staff After Isle of Wight Tribunal Decision
