Sign in or Register | Newsletter
 
 
Register today to receive each issue absolutely FREE!


Data Manager
Wimbledon

Sales Manager
Farnborough

Sales Manager
London

Sponsorship Manager
London



Stephane Doutriaux founder of event tech company Poken tells EN how...

EN editor Jamie Wallis takes the trip up to Shropshire to have lunch...

Event manager Chris Brazier needs no wake-up call ahead of the 2015...

Exhibition News November 2014
November 2014

Tax officials relax VAT charges for foreign exhibitors
posted on: 9/8/2012 13:19:04
pounds

The Association of Event Organisers (AEO) and leading figures in the industry have welcomed news that the European Policy Committee has changed its instructions on the classification of exhibition stands.

The AEO learned from Her Majesty's Revenue and Customs (HMRC) that exhibition stands can now be classified as exhibition services where they are supplied together with other accompanying services, rather than the previous land-related supply classification.  This will save on VAT charges for foreign exhibitors.

“I am delighted with this fantastic news, which represents a big win for our industry,” said Karim Halwagi, CEO of the AEO.

“The changes follow ongoing discussions between the AEO and HMRC and I am thrilled to learn that HMRC have adopted and published these changes for the benefit of the UK exhibition industry.”

However, where stand space is provided with accompanying services as a package, this package (stand and services) will no longer be seen as a supply of land with land-related services but will be taxed under the general place of supply rule (customer location) when supplied to business customers.

Accompanying services provided as part of a package includes such things as the design and erection of a temporary stand, security, power, telecommunications, hire of machinery or publicity material.

“It’s excellent news,” said Trader Exhibitions MD Mark Moloney. “HMRC has taken a positive stance.”
 
Exhibition experts have warned exhibitors shouldn’t succumb to discounting stand prices.
 
Got a story for Exhibition News? Email us: exhibitionnews@mashmedia.net


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
Media 10 has extended Manchester’s Ideal Home Show at Christmas to four days next year, following its debut on 14-16 November.

Rapid News completes Interplas acquisition
posted on: 21/11/2014 09:48:15
Niche publishing company Rapid News Communications Group has concluded its purchase of plastics industry exhibition, Interplas, from Reed Exhibitions, for an undisclosed amount.

Almost half of CEOs see internal events as a cost rather than an investment, according to the directors that work for them, revealed communications agency Involve.

Eventbrite opens Manchester office
posted on: 20/11/2014 12:53:06
Global self-service ticketing platform, Eventbrite, has expanded its UK presence with the opening of a new office in Manchester.

New show content for Naidex National
posted on: 19/11/2014 12:34:49
Show organiser i2i Events will launch new OTnews Live feature area in the College of Occupational Therapists (COT) Zone at Naidex National in 2015.