UK Karting - Notice Board (General Karting) : Re: Kart Clubs

Notice Board (General Karting)

Re: Kart Clubs - Are they VAT registered?
Posted by 'SimonS' on 03 Oct 2011 @ 22:49

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SimonSJoined: December 2004
Total Posts: 4
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The position is complicated.

"Basic position
The payment for the grant of a right to enter a competition is normally standard-rated. However, there is a specific exemption from VAT for the fee charged to enter a competition in sport or physical recreation, under items 1 and 2 of Group 10 of Schedule 9 to the VAT Act 1994.

"

Kart Clubs may qualify as a not-for-profit organisation whose entry fees are covered by Group 10 of schedule 9 and are Vat exempt.

It will probably depend on the individual club and actions that they have taken.

As a rule of thumb, you might assume that if there is no VAT number on your entry form, then the entry is not a claimable expense.

Message Thread:

Kart Clubs - Are they VAT registered? by 'Dunny' (03 Oct 2011 @ 21:04)

Re: Kart Clubs - Are they VAT registered? by 'SimonS' << You are here!

Re: Kart Clubs - Are they VAT registered? by 'Graham S' (03 Oct 2011 @ 22:49)

Re: Kart Clubs - Are they VAT registered? by 'buzzinrussell' (04 Oct 2011 @ 12:02)

Re: Kart Clubs - Are they VAT registered? by 'Newshound' (04 Oct 2011 @ 12:08)

Re: Kart Clubs - Are they VAT registered? by 'AlfieMoon' (04 Oct 2011 @ 12:46)

Re: Kart Clubs - Are they VAT registered? by 'buzzinrussell' (04 Oct 2011 @ 13:45)

Re: Kart Clubs - Are they VAT registered? by 'davidmc' (04 Oct 2011 @ 14:57)

Re: Kart Clubs - Are they VAT registered? by 'SteveBarlow' (04 Oct 2011 @ 22:57)

Re: Kart Clubs - Are they VAT registered? by 'richydehav' (05 Oct 2011 @ 7:49)

Re: Kart Clubs - Are they VAT registered? by 'DavyBoy' (05 Oct 2011 @ 8:11)

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