A Walk Down the Fairway of Value Added Tax []A Practical Guide to VAT for Golf Clubsby Ian FlemingThis book is OUT OF PRINT You may be able to find a copy at ABE Books Description of A Walk Down the Fairway of Value Added TaxRevised 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. Title Information
Write a review of this book Customer Reviews from AmazonContents of A Walk Down the Fairway of Value Added Tax1: THE STANCEThe Status of Golf Clubs 2: THE GRIP The VAT Exemption for competition and entry fees 3: THE RULES OF GOLF The VAT Exemption for Sport and Physical Recreation 4: A BIRDIE OR AN EAGLE 1990 Refunds of VAT 5: BUNKER PLAY Partial Exemption 6: DRIVER OR A NINE IRON VAT Liability - taxable or exempt? 7: THE HANDICAP SYSTEM The VAT Legislation and liability of fees Meaning of "individual" Social Facilities Artisan Golf Clubs Governing Bodies Commercial Influence Emoluments 8: MIXED FOURSOMES Attribution of input tax to taxable supplies - some specific examples of club expenditure The Clubhouse Bar and Catering The Course 9: LOCAL RULES Less common VAT rules Gaming Machines Lotteries Entry Fees Value of supplies Prizes Letting of Sports Facilities The Golf Professional 10: AN 18 HOLE PLAY-OFF Recent decisions of the Courts and Tribunal that materially affect accounting for VAT by members' clubs 11: A VISIT FROM THE ROYAL AND ANCIENT GOLF CLUB How to deal with a VAT inspection CONCLUSION APPENDIX A: Legislation Extracts EC 6th Directive, Article 13 VATA 1994 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 APPENDIX C: Golf Club VAT cases EU Legislation Whether or not a non-profit making body Recovery of input tax VAT liability of income Different classes of membership Miscellaneous Default Surcharge Assessments Index |
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