M
Majella17
Guest
I’m starting a business with my partner in September (a partnership). We are already registered for tax but not for VAT. We will be renting out tables to people to sell their hand crafted items. Similar to a craft market. We are going to rent a premises that will have an art gallery as well as a glass studio for myself.
My question is where does VAT fit into this as I do want to register. Do I charge a service VAT on the cost of the tables I rent out and they are individual's are responsible for their own taxes? or do I have to add vat to each piece? I wont be taking any cut of their sales the only thing I take is the cost per week for the table. I understand that VAT will need to be added to anything I make and sell anyway as I make glass items
Any help would be great
Majella
My question is where does VAT fit into this as I do want to register. Do I charge a service VAT on the cost of the tables I rent out and they are individual's are responsible for their own taxes? or do I have to add vat to each piece? I wont be taking any cut of their sales the only thing I take is the cost per week for the table. I understand that VAT will need to be added to anything I make and sell anyway as I make glass items
Any help would be great
Majella