NEW FOR 2017
HM Revenue & Customs VAT office has made a ruling, supported by a test case in English courts, resulting in the need to charge VAT at standard rate (currently 20% of total figure at January 2017), on rent, concession/tender rates paid by caterers at festivals and events that are registered for VAT.
e.g. A £100 stall rent will now be £100 + VAT = £120.
Important - This is not going to Festival funds, it is going to HM Treasury - it is a tax.
As organisers of Towersey Festival we know that for those caterers who are not VAT registered this will effectively be a 20% increase in costs.
To try and alleviate some of that increase cost, we will do our very best to drive more custom your way. To do that we are reducing the ticket price for entry to the Festival Green (Showground) to £5 and £3 (was £10 and £5). We hope this will attract more people to the site and incease your sales.
Remember - this is not a price increase from the Festival, it is a government tax.