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Farm Business
Agricultural Matters
VAT on holiday lets
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<blockquote data-quote="Muddyroads" data-source="post: 6607544" data-attributes="member: 81810"><p>Accountants advice to us when we set up our holiday let was that as it’s part of the farm business, we’ll have to deduct VAT from income, but can obviously claim back VAT on inputs. Unless absolutely everything to do with the holiday let is separate from the farm business, including use of computers etc., then it can apparently be argued by HMRC that VAT will apply. We operate through Airbnb, and although it’s frustrating to see 20% being deducted from all income, it does mean that visitors who are using it as a work base in the week can reclaim the VAT element.</p></blockquote><p></p>
[QUOTE="Muddyroads, post: 6607544, member: 81810"] Accountants advice to us when we set up our holiday let was that as it’s part of the farm business, we’ll have to deduct VAT from income, but can obviously claim back VAT on inputs. Unless absolutely everything to do with the holiday let is separate from the farm business, including use of computers etc., then it can apparently be argued by HMRC that VAT will apply. We operate through Airbnb, and although it’s frustrating to see 20% being deducted from all income, it does mean that visitors who are using it as a work base in the week can reclaim the VAT element. [/QUOTE]
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VAT on holiday lets
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