Hi,
I've just got a quick question regarding renting out my land a couple times a year for an event.
I only do it a couple of times a year for a few specific groups and I'm wondering am I required to pay VAT on the money I receive. We're not a company/business and I'm not registered for VAT. I'm just a little worried I could be taken to task for this but it only amounts to a few hundred a year, and in particular because I issue them with an invoice for them to make the cheque out to my own name. Any help would be appreciated
I've just got a quick question regarding renting out my land a couple times a year for an event.
I only do it a couple of times a year for a few specific groups and I'm wondering am I required to pay VAT on the money I receive. We're not a company/business and I'm not registered for VAT. I'm just a little worried I could be taken to task for this but it only amounts to a few hundred a year, and in particular because I issue them with an invoice for them to make the cheque out to my own name. Any help would be appreciated