HMRC ruled that the holiday camps were activity-based events and not childcare, which meant that the income was taxable at 20% rather than VAT exempt.
Source VATglobal Avalara
There are different levels of penalty that HMRC may levy in respect of a VAT error and this depends on the seriousness of the offence which gives rise to an inaccuracy.
HMRC have recently announced that they intend to update the current ‘Partial Exemption Framework for Housing Associations’ to reflect a change in special method applications.
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