Sponsorship

[julie boik]

is sponsor ship vatable? eg if you receive £500 sponsorship for a show you are holding would the amount include vat.

[Billmccallum]

It depends on what the event is for....

Is it a commercial venture or a charity/fundraising event?

see http://www.hmrc.gov.uk/charities/vat/fundraising.htm#1

[julie boik]

Business income, horse show at an equestrian centre.

[Zeno]

In thise case "sponsorship" means "advertising so yes, VAT is applicable.