Do you barter your venison?

[Greener Jim]

I think bartering is a great way of doing trade.
My mate is a blacksmith, made me a fantastic skinner. He got a dozen rabbits and a bag of mackerel.
Both parties very happy.
I don't sell my catch or kill, it's all for personal consumption. So giving away or trading is no loss financially to me.

 

[smullery]

Yes, Bogtrotter is right.
Barter consists of transfer of goods to another party, and therefore is considered to be a sale, even if no money changes hands. That means that all the same meat hygiene regs etc have to be satisfied, just as if you were selling the product to a customer for cash.

Regarding the non-declaration of income etc, bartered items should go through the books as contra transactions, but of course most people don't bother, hence the non-declaration.

Barter in the terms of "If I do this for you, then you do this for me" is the same as a sale.
In the terms of I have too much of this please have my excess (gift)'and in due course you get an unspecified excess (gift) down the line is a bit like a Birthday.

Families and friends are allowed to share.

Stan

 

[VSS]

Barter in the terms of "If I do this for you, then you do this for me" is the same as a sale.
In the terms of I have too much of this please have my excess (gift)'and in due course you get an unspecified excess (gift) down the line is a bit like a Birthday.

Families and friends are allowed to share.

Stan

Even a gift constitutes "supply to a third party", and therefore all the usual meat hygiene regs apply.

For accounting purposes, this would be considered to be "Non Cash Receipt", ie, goods taken from the business for personal use (in this case, in order to give them away as a gift).

 

[Chanty Wrassler]

Luxury food has vat added I think.

Nope, even caviar is zero rated for VAT

 

[Bilge Rat]

"Food and drink for human consumption is usually zero-rated but some items are standard-rated, including alcoholic drinks, confectionery, crisps and savoury snacks, hot food, sports drinks, hot takeaways, ice cream, soft drinks and mineral water. "

VAT rates on different goods and services - Detailed guidance - GOV.UK

 

[Legolas]

Prior to getting in to stalking, I've bartered for venison from stalker mates. They'd bring the venison to me, I'd convert it to salami/sausages/pastrami and then split the end result 50/50

 

[VSS]

"Food and drink for human consumption is usually zero-rated but some items are standard-rated, including alcoholic drinks, confectionery, crisps and savoury snacks, hot food, sports drinks, hot takeaways, ice cream, soft drinks and mineral water. "

VAT rates on different goods and services - Detailed guidance - GOV.UK

Also malt extract, which used to be given to kids as a "medicine", and was therefore essential (zero rated), but now it's considered to be a luxury item (standard rated), which has considerably increased the cost of home-brewed beer!!! When they added vat to malt the cost of a pint shot up to a dizzying 27 pence!

 

[Grog]

Bartering is great and I give venison to my friends and colleagues at work as presents our butcher is also good at bartering he bartered £86 out of a customer for two fallow back straps we supplied him now that's a barter !

Quite interested in this view. I take my animal down to the local butcher where he chops and bags it with labels. He asked if he could have some the next time I went out and a bit of bartering sprang to mind. Reading down through the responses, it looks like a complete mine field.
By the look of it, if I drop some off at his house and he reciprocates at some point, all well and good. If not, I can't say I would be too bothered as he is a really nice bloke and has done a first class job of butchering meat for me.

 

[private fraser]

Seems to be a lot of folk "evading" tax then (me included).

 

[VSS]

Seems to be a lot of folk "evading" tax then (me included).

There is a plus side to doing things "by the book" - being able to reclaim VAT spent on ammunition and shooting accessories!!! Makes quite a difference to get 20% back on all that stuff.

 

[chunky sailor]

I think bartering is a great way of doing trade.
My mate is a blacksmith, made me a fantastic skinner. He got a dozen rabbits and a bag of mackerel.
Both parties very happy.
I don't sell my catch or kill, it's all for personal consumption. So giving away or trading is no loss financially to me.

i have the same philosophy Jim i make burgers mixed with bacon misshapes and belly pork and the pluck to make haggis as well as making sausage and smoking fish and game ,i never sell it but i do a fair bit of trade to tradesmen in particular plumber joiner bricky etc and they are always more than happy just need to find a farrier to shoe the horses LOL!!!!!