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We have recently received conflicting advice regarding the tax and VAT aspects of public houses, in particular home consumption and employee consumption. Could readers clarify the following points?
First, is the sole proprietor taxed on drinks taken for own use (for income tax and VAT), but not on food?
Secondly, is it correct that employees taking food and drink at a 'reasonable' level are not taxed on this and neither is the sole proprietor with no VAT liability also? (Presumably, if this increases substantially, the employees would suffer some form of tax?)
We have recently received conflicting advice regarding the tax and VAT aspects of public houses in particular home consumption and employee consumption. Could readers clarify the following points?
First is the sole proprietor taxed on drinks taken for own use (for income tax and VAT) but not on food?
Secondly is it correct that employees taking food and drink at a 'reasonable' level are not taxed on this and neither is the sole proprietor with no VAT liability also? (Presumably if this increases substantially the employees would suffer some form of tax?)
Finally I understand that managers of pubs who live in are not taxed on the rental accommodation paid for by the owner but what about rates heating and lighting? Similarly will the sole proprietor receive full tax relief for domestic rent and all the above bills if they...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
