VAT for Clubs and Associations

An updated notice 701/5 Oct/13 has been issued by HMRC this month on VAT for clubs and associations. Always a handy guide for anyone running a member club as the VAT can be complicated sometimes. Changes to note in this edition are HMRC’s views that most gaming machine receipts are exempt (see notice 701/29) and no VAT on unused credit balances (no consideration at time of reversion), but as ever always worth double-checking.

Eamon McNicholas
Tax Barrister, Accountant

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About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
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