The author’s article a year ago provided an update on the main UK tax changes impacting the finances of not-for-profit sports clubs. This piece intends to concentrate on the costliest of those taxes, which provides a significant barrier to those proactive clubs trying to improve their sports facilities i.e. Value added tax (Vat). It explains why this is the case and describes some recent Vat developments affecting clubs.
Source: lawinsport.com
Latest Posts in "United Kingdom"
- HMRC Updates VAT Refund Guidance for New Charity Buildings and DIY Housebuilders Scheme
- Supreme Court Rules NHS Trusts Must Charge VAT on Car Parking Without Binding Legal Exemption
- VAT Penalty Overturned: Tribunal Accepts Combined Personal and Operational Crises as Reasonable Excuse
- HMRC Signals VAT Reform: Care Home Crackdown and Major Capital Goods Scheme Threshold Hike
- HMRC v Moir Management: Penalties for Failure to Notify Notifiable Arrangements and Reasonable Excuse Considered
