A Walk Down the Fairway of Value Added Tax: A Practical Guide to Vat for Golf Clubs (Third Edition)

ISBN-13: 9781907444753 / Angielski / Miękka / 2013 / 102 str.

Ian Fleming

Spis treści

FOREWORD. v

CHAPTER 1: THE STANCE. 1

The Status of Golf Clubs. 1

CHAPTER 2: THE GRIP. 5

The VAT Exemption for competition and entry fees. 5

CHAPTER 3: THE RULES OF GOLF. 7

The VAT Exemption for Sport and Physical Recreation. 7

CHAPTER 4: A BIRDIE OR AN EAGLE. 11

1990 Refunds of VAT. 11

CHAPTER 5: BUNKER PLAY. 13

Partial Exemption. 13

CHAPTER 6: DRIVER OR A NINE IRON. 17

VAT Liability – taxable or exempt?. 17

CHAPTER 7: THE HANDICAP SYSTEM. 21

The VAT Legislation and liability of fees. 21

Meaning of “individual”. 22

Social Facilities. 22

Artisan Golf Clubs. 23

Governing Bodies. 23

Commercial Influence. 24

Emoluments. 25

CHAPTER 8: MIXED FOURSOMES. 27

Attribution of input tax to taxable supplies – some specific examples of club expenditure  27

The Clubhouse. 27

Bar and Catering. 29

The Course. 31

CHAPTER 9: LOCAL RULES. 33

Less common VAT rules. 33

Gaming Machines. 33

Lotteries. 33

Entry Fees. 34

Value of supplies. 34

Prizes. 35

Letting of Sports Facilities. 36

The Golf Professional 36

CHAPTER 10:  AN 18 HOLE PLAY-OFF. 39

Recent decisions of the Courts and Tribunal that materially affect accounting for VAT by members’ clubs  39

CHAPTER 11: A VISIT FROM THE ROYAL AND ANCIENT GOLF CLUB  47

How to deal with a VAT inspection. 47

CONCLUSION. 51

APPENDIX A:

Legislation Extracts. 53

EC 6^th Directive, Article 13. 53

VATA 1994. 54

Income and Corporation Taxes Act 1988 s. 839. 62

APPENDIX B:

HMRC notices. 65

Customs & Excise Business Brief 3/96. 65

HM Revenue & Customs Budget Notice BN 78 dated 12^th March 2008  67

APPENDIX C:

Golf Club VAT cases. 71

EU Legislation. 71

Whether or not a non-profit making body. 75

Recovery of input tax. 78

VAT liability of income. 81

Different classes of membership. 83

Miscellaneous. 83

Default Surcharge Assessments. 87

Index. 89