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Ticket balance due in March not April


dotdash79
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Well spotted, I assume this will receive greater publicity nearer the time. Noticed that applies to coach packages  and general admissions. Wonder  if they will bring the resale forward? Could mean a resale late march.  Things moving with the news yesterday of Worthy View resale  .  Great to see the planning forging ahead 

Edited by Ayrshire Chris
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It also means that ticket holders can breathe a sigh of relief just a little earlier … it’s always good to see money leave the account for this one and the confirm you are going … even though the tickets were purchased it seems like decades ago now 😄

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Shit what does this mean for re-sale. I'm on holiday for the 2nd week of March (in the UK but no doubt with rubbish internet a it's the middle of nowhere) I deliberately booked March and not April so that I would be at home with all our trusty equipment for re-sale day!!

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Good spot. This has to be a VAT thing and makers perfect sense in that context.

In short, VAT on event tickets is currently reduced to 5%. This goes up to 12.5% on October 1st, and then back up to the full 20% on April 1st.

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This isn't really relevant to this thread but oh well. I was thinking about coach packages and I think its fair to say that a lot of bookers will no longer live in the city where they booked their departure point from over two years ago... Bit of a headache.

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5 minutes ago, incident said:

Good spot. This has to be a VAT thing and makers perfect sense in that context.

In short, VAT on event tickets is currently reduced to 5%. This goes up to 12.5% on October 1st, and then back up to the full 20% on April 1st.

Yeah that does make sense.

My thinking was that contractors might be asking for money up front before they commit to a build.

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15 minutes ago, gigpusher said:

Shit what does this mean for re-sale. I'm on holiday for the 2nd week of March (in the UK but no doubt with rubbish internet a it's the middle of nowhere) I deliberately booked March and not April so that I would be at home with all our trusty equipment for re-sale day!!

probably not worth overthinking that at this stage ...  

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5 minutes ago, incident said:

Good spot. This has to be a VAT thing and makers perfect sense in that context.

In short, VAT on event tickets is currently reduced to 5%. This goes up to 12.5% on October 1st, and then back up to the full 20% on April 1st.

Based on a ticket value of £270 excluding the value of the program (that’s VAT free). Bringing the sale forward would save around £2.8 million of VAT which could be used to prevent large price hikes  

£54 of VAT at 20% per ticket

£33.75 of VAT at 12.5% per ticket

140000 tickets

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8 minutes ago, dotdash79 said:

Based on a ticket value of £270 excluding the value of the program (that’s VAT free). Bringing the sale forward would save around £2.8 million of VAT which could be used to prevent large price hikes  

£54 of VAT at 20% per ticket

£33.75 of VAT at 12.5% per ticket

140000 tickets

That makes sense, and also suggests any resale will be before April 

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14 minutes ago, dotdash79 said:

Based on a ticket value of £270 excluding the value of the program (that’s VAT free). Bringing the sale forward would save around £2.8 million of VAT which could be used to prevent large price hikes  

£54 of VAT at 20% per ticket

£33.75 of VAT at 12.5% per ticket

140000 tickets

Those numbers are probably a shade high as ~270 before VAT seems unlikely, I think it'll be around that including VAT (which would put the VAT at 30 and 45 quid respectively.

But the principle is absolutely spot on.

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26 minutes ago, incident said:

Good spot. This has to be a VAT thing and makers perfect sense in that context.

In short, VAT on event tickets is currently reduced to 5%. This goes up to 12.5% on October 1st, and then back up to the full 20% on April 1st.

Would the VAT be payed this way, or would it be based on when the festival takes place? 

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