Dear Sir/Madam,
I have given items from my shop and advertising leaflets to a non-profit organisation for their quiz…. They are putting the items in a tombola and distributing the advertising leaflets to me.
The (sale!!) value of the goods is clearly stated on a form signed by the recipient, etc.
How do I process this?
Under expenses: the non-profit organisation is a private person, I believe? Dexxter does not provide an option for ‘association’ or ‘non-profit organisation’.
I have taken the sales value of those items (NOT the purchase value!), which seems okay to me. Right???
And do I include this amount in the vAT return? I did paid vAT on those goods!
PLEASE respond.
Kind regards.