0 Members and 1 Guest are viewing this topic.
Drinkers in Edgefield, near Holt, are being offered the chance to barter their home-grown produce for free pints.Anything that can be added to its traditional food menu will be considered, with the amount of pints, meals or vouchers offered in return linked to the size, quantity and quality of the items presented.A sign on display inside the pub says: “If you grow, breed, shoot or steal anything that may look at home on our menu, then bring it in and let’s do a deal.”...A North Norfolk council environmental officer said: “We need to look carefully at how pubs can make sure what they’re doing is safe for customers and within the law. There is a difference between surplus game from a shoot and half a deer that may be a roadkill.”
I trade vegetables, herbs, eggs, etc, from the family farm with a local restaurant for meals.
Quote from: AllenG on 16/08/2008 18:50:43I trade vegetables, herbs, eggs, etc, from the family farm with a local restaurant for meals. Does the restaurant send 17.5% of your veggies to the V.A.T. man ? []
I'm not sure but I think that HMRC would treat the barter as payment and would not only charge the bar VAT but also charge you income tax on the value of the goods.
Quote from: Bored chemist on 17/08/2008 14:09:55I'm not sure but I think that HMRC would treat the barter as payment and would not only charge the bar VAT but also charge you income tax on the value of the goods.Income tax is payable on profit, not the gross value of the trade.So if it were a non-profit trade no income tax would be payable, but VAT would be payable, (except for goods & services which are "zero rated" for VAT, or exempt form VAT).
Zero-rated...Food for humans including meat, ready meals and cakes - but not food supplied for catering or hot take-aways
(Jaffa Cakes do not have the opportunity to become stale in my presence [] )