A Walk Down the Fairway of Value Added Tax
A Practical Guide to Vat for Golf Clubs
This book is intended as a guide to the basic rules of VAT as they affect golf clubs for club secretaries, treasurers, finance committee chairmen and accounting practices that have golf clubs as their clients. The third edition includes a new chapter to cover claims for overpaid VAT the consequences of the Bridport and West Dorset Golf Club case and new HMRC guidance.
This is a timely update of Ian Fleming’s invaluable guide, first published in 2006.
For anyone involved in the administration of golf clubs, and in particular with their finances, grappling with VAT has been a thorny issue ever since it was introduced in the UK in 1973.
This book explains the basic rules of VAT as they affect golf clubs. Written for club secretaries, treasurers, finance committee chairmen and accounting practices that have golf clubs as their clients, it highlights many of the most common problems likely to arise in the context of VAT. The author offers practical advice, such as how to avoid an unexpected VAT bill on a refurbishment of the clubhouse.
With this book as a reference, it will be easier to avoid the many VAT "bunkers" which can create unwelcome and costly traps for golf clubs.
The third edition includes a new chapter to cover the consequences of the Bridport and West Dorset Golf Club case and new HMRC guidance.
CHAPTER 1: THE STANCE
The Status of Golf Clubs
CHAPTER 2: THE GRIP
The VAT Exemption for competition and entry fees
CHAPTER 3: THE RULES OF GOLF
The VAT Exemption for Sport and Physical Recreation
CHAPTER 4: A BIRDIE OR AN EAGLE
1990 Refunds of VAT
CHAPTER 5: BUNKER PLAY
CHAPTER 6: DRIVER OR A NINE IRON
VAT Liability – taxable or exempt?
CHAPTER 7: THE HANDICAP SYSTEM
The VAT Legislation and liability of fees
CHAPTER 8: MIXED FOURSOMES
Attribution of input tax to taxable supplies – some specific examples of club expenditure
CHAPTER 9: LOCAL RULES
Less common VAT rules
CHAPTER 10: AN 18 HOLE PLAY-OFF
Recent decisions of the Courts and Tribunal that materially affect accounting for VAT by members’ clubs
CHAPTER 11: MATCH PLAY – FINAL ROUND
Submission of claims for overpaid VAT
CHAPTER 12: A VISIT FROM THE ROYAL AND ANCIENT GOLF CLUB
How to deal with a VAT inspection
APPENDIX A: Legislation Extracts
EC 6th Directive, Article 13
Income and Corporation Taxes Act 1988 s. 839.
APPENDIX B: HMRC notices
Customs & Excise Business Brief 3/96
HM Revenue & Customs Budget Notice BN 78 dated 12th March 2008
Revenue & Customs Brief 30/11
APPENDIX C: Golf Club VAT cases
Whether or not a non-profit making body
Recovery of input tax
VAT liability of income
Different classes of membership
Default Surcharge Assessments