Description
A practical guide to VAT for golf clubs
Revised to take account of the changes as a result of the Canterbury Hockey Club and Ladies Hockey Club case.
VAT is probably the furthest thought from anyone’s mind as they look out from the clubhouse towards the first tee. But 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 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. It highlights many of the most common problems likely to arise in the context of VAT, and offers some practical solutions, 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.
About the author: Ian Fleming spent 26 years with Customs before joining the Armstrong Watson Group of Chartered Accountants in 1989. He retired in 2007 but not before setting up his own consultancy business, Indirect Tax Cumbria, in 2006. He has experience of the full range of customs & excise work, VAT, and the other indirect taxes. He is a Fellow of the Institute of Indirect Taxation and also a Council Member. He can be contacted by e-mail - ianfleming@greentaxes.co.uk.
Contents of the book
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
Partial Exemption
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 court decisions that materially affect VAT accounting
CHAPTER 11: A VISIT FROM THE ROYAL AND ANCIENT GOLF CLUB
How to deal with a VAT inspection
APPENDIX A: Legislation Extracts
APPENDIX B: Customs & Excise Business Brief 3/96
APPENDIX C: Golf Club VAT cases
PEOPLE WHO BOUGHT THIS BOOK ALSO BOUGHT
Ian Fleming, FIIT
Ian Fleming spent 26 years with Customs before joining the Armstrong Watson Group of Chartered Accountants in 1989. He has experience of the full range of customs and excise work, VAT, and the other indirect taxes. He is also Chairman of the North East Chapter of the VAT Practitioners Group.
Ian is a director of The Institute of Indirect Taxation, as well as being Chairman of the North East Chapter of the VAT Practitioners Group.
Spiramus Press
We are a UK-based publisher, with an emphasis on tax titles for lawyers, accountants and tax managers. Our books cover both UK and international tax.
