VAT Resource Center
Niche / Edge cases
The unusual cases: partial exemption, agent versus principal, deposits, and other edge cases.
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Topic 14
Niche / Edge cases
The unusual cases: partial exemption, agent versus principal, deposits, and other edge cases.
Selling your company: can you avoid VAT, and recover it on the deal fees?
There is usually no VAT on the sale itself, but a share sale can block recovery of the VAT on your deal fees. The structure that saves tax can cost you the VAT.
How does VAT work if a VAT-exempt band plays at a VAT-registered venue?
A band that charges no VAT is usually below the £90,000 threshold, not exempt. The venue still charges VAT on tickets; cultural exemption depends on the venue.
How does VAT work for non-refundable deposits (the 2019 rules)?
Since 1 March 2019, VAT stays due on a deposit the customer forfeits by cancelling or not showing. Genuine security deposits stay outside VAT.