Should I Charge Vat On Horse Livery?

Broadly, the VAT position for those providing stabling, grazing or livery is as follows: The letting of a stable alone is exempt from VAT, subject to the ‘option to tax’. Stabling plus livery might be VAT exempt, only if the stabling is the predominant element.

What is livery fee?

April 2020) A livery yard, livery stable or boarding stable, is a stable where horse owners pay a weekly or monthly fee to keep their horses.

Does full livery include feed?

Full livery is the term given to a fully managed yard, where horse owners pay a premium for all their horses needs to be met, including feeding, grooming, mucking out and exercising as necessary. The yard staff are responsible for the horses welfare at all times, with the owner having free access to their horse.

What is included in DIY livery?

Do It Yourself (DIY) DIY livery offers horse owners access to stables and facilities, but all aspects of horse care must be undertaken by the horse owner. These yards are rarely managed or staffed, therefore this is often the most cost-effective type of livery.

What is included in Part livery?

Part livery
This type of livery tends to include all aspects of horse care, but with no exercise. It can typically be on a five day per week basis, with owners doing DIY on weekends, or a full seven day week basis.

How much is livery for a horse UK?

Grass Livery can be expected to cost around of £20-£25 per week. DIY Stabled Livery can be expected to cost roughly £30-£40 per week. A full livery service can cost up to £100-£150 per week. Any extra care of the horse or tasks carried out by staff at the livery yard costs extra.

Is livery a trade?

The term livery originated in the specific form of dress worn by retainers of a nobleman and then by extension to special dress to denote status of belonging to a trade.

Does DIY livery include bedding?

DIY livery fees start at £45.00 per week depending on size of horse. Price includes hay. Straw can be purchased from the yard, but any other bedding must be brought in. Extra services such as turnout, rugging-up, feeding and mucking out are offered.

How much does livery cost per month?

According to the latest BETA survey, on average during 2019 owners spent £2,652 (£221 per month) on livery or £1,498 (£125 per month) on grazing. Bear in mind, it’s possible to spend an awful lot more. The cost of keeping your horse at a livery yard depends on the location, what you require and the facilities on offer.

Does a livery yard need insurance?

Under its registration you must have Public Liability Insurance (Riding Establishment Act 1964). Although not compulsory, public liability Insurance is recommended for anybody running a livery yard.

Do you need a Licence to run a livery yard?

What licences does a livery stable need? Livery stables that simply house and care for other people’s horses do not need a licence. But you may need to get a licence if, for example, you offer a working livery arrangement whereby, in return for a reduced livery fee, you: hire out your customers’ horses for hacking.

Do livery yards make money?

With proper planning and management, a livery yard or riding school can be a very profitable and rewarding business. However, if you are to make a success of it, it is important that you, or anyone you appointment to oversee the developments, has extensive experience working with horses.

What insurance do you need to run a livery yard?

Public liability insurance keeps you protected against any accidents that might befall visitors to your premises due to your negligence. If you have a commercial livery yard, you need to ensure that you are covered for interruption of business due to sickness or other unforeseen circumstances.

What does it mean when a horse is on full livery?

Full livery – where care, exercise and associated tasks are carried out by the livery yard in agreement with, and on behalf of, the owner. Full livery can be standard care or specifically directed for individual needs (such as a competition livery or breaking and schooling livery).

What is full working livery?

Full Working livery means just that – you horse will be looked after as if it were our own with the added benefit of your horse or pony being used in appropriate riding school lessons and clinic on three designated days per week .

What are the different types of horse livery?

Types of horse livery

• Grass livery. Grass livery is often the cheapest type of horse livery because it’s essentially a rented field and nothing else.
• DIY livery.
• Assisted DIY.
• Part livery.
• Full livery.
• Working livery.
• Schooling or breaking livery.
• Sales livery.

How much is a 5 stage vetting for a horse UK?

Five stage pre purchase examinations: £236.91 +VAT + milage
It also includes a telephone consultation after the vetting has taken place to discuss the vet’s findings and a written report detailing the vet’s findings.

Do you need insurance to ride a horse UK?

Anyone who owns, rides or looks after a horse is strongly advised to carry public liability insurance cover, because they may be legally liable to pay compensation for any damage or injury caused by their horse.

Do you pay VAT on horses?

If you are selling a horse, you must charge VAT on the sale price at the standard rate (currently 20%).

Can I claim VAT back on a horse?

The VAT Scheme gives registered owners the opportunity to claim back their racing-related VAT if they own/lease 50% or more of a horse in training and have a sponsorship agreement in place. The Scheme enables VAT to be reclaimed on various expenses such as: The original purchase price of the horse.

Do I have to pay tax if I sell my horse?

Inventory vs.
For the racehorse owner, the horse is considered an asset used in a trade or business and is depreciable. Just like any other business asset, when the horse is sold, the depreciation taken in the past must be recaptured and thus taxed at ordinary rates.