Le 05/02/15 15:07, Kimball Johnson a écrit :
On 5 February 2015 at 14:02, Emmanuel Lécharny elecharny@gmail.com wrote:
Le 05/02/15 14:50, Kimball Johnson a écrit :
Most if not all suppliers will charge VAT too thugh, so when budgeting
you
should work with ex-vat prices accross the board, and then just att VAT
to
the ticket price.
I suspect a large number of atendees will be able to claim it back
anyway.
They may, but it will have no impact whatsoever on your accounting. The pb is that, from a taxe POV, an event such LDAPCON is considered as 'final', ie, the VAT can't be claimed back by the organizer. The reason being there is no way to create a 'chain' of VAT down to the public, as ther eis no way to know who will reclaim the VAT.
I don't quite know what you mean by that. We can claim back all the VAT that is charged to us by supplies, and then we just charge VAT on top of the ticket price.
Sorry, I confused things.
What I meant, and that was a big mistake we did, is that we expected that the fee we were asking for would be VAT free : it's not. At the end, we of course get back the VAT on everything we purchased. But we expected to be break even with 60 paying attendees, which was not the case, due to the 20% cut we didn't expected. Hopefully, we had 80 attendees, that allows us to be break even.
This was tight. As far as I remember, we just made something like 160€ more than what we spent.
A large number of the attendees will work for VAT registered companies, and so they will claim back the VAT, and in turn charge VAT to their customers.
Yes.
The point is you should not take any VAT into account in your budgeting and accounting, the only place you care about it is adding 20% to the final ticket price.
That was my mistake, and that was what I wanted to warn you about. Then I mixed up things, sorry for that !