Alistair20000
Very well known Exeweb poster
No need to worry about VAT. Should be recoverable in full.These costs quoted are they incl or excl VAT
No need to worry about VAT. Should be recoverable in full.These costs quoted are they incl or excl VAT
Yes but with the sums quoted is the building costing £3m or is it costing £2.5m + VAT. Bit of a difference in requirement.No need to worry about VAT. Should be recoverable in full.
VAT can be reclaimed quarterly so no real problem with cash flowYes but with the sums quoted is the building costing £3m or is it costing £2.5m + VAT. Bit of a difference in requirement.
Yes, but is the whole project costing £3m or £2.5m. Regardless of when VAT is due, to the common punter they pay say £20 for something, so it costs them £20, however the vendor only gets £16.66 of that with the rest going to VAT. In this case the media have reported that the building is costing £3m, so is that the common punter costs or the costs after reclaiming VAT. If the common punter costs then the club will be £500k better off than being reported, that's all i wondered about!VAT can be reclaimed quarterly so no real problem with cash flow
It would be usual to quote the net of VAT cost if you are able to fully recover the VAT. If you are unable to recover the VAT you would state the cost plus VAT.Yes, but is the whole project costing £3m or £2.5m. Regardless of when VAT is due, to the common punter they pay say £20 for something, so it costs them £20, however the vendor only gets £16.66 of that with the rest going to VAT. In this case the media have reported that the building is costing £3m, so is that the common punter costs or the costs after reclaiming VAT. If the common punter costs then the club will be £500k better off than being reported, that's all i wondered about!
Don't worry too much about the lease Pete. It is no big deal. With security of tenure, it is unlikely to ever be a massive issue.Still not very happy that we're eating into a 25 year lease agreement on the training ground. I would have thought we could have negotiated a longer term deal than that given the amount of money we're about two spend. Could that place ever have houses built on it down the road, or is there some sort of green space restriction?
That's as maybe, but under current ownership law once the lease runs out can't the Hills basically tell us to f*** off and simply let the place go to seed?The C & F is a sports facility. Under current Planning Law it cannot be redeveloped unless a replacement facility is provided that is at least equally accessible.