|
|
|
|
A WALK DOWN THE FAIRWAY OF VALUE ADDED TAX
A practical guide to VAT for golf
clubs IAN FLEMING FIIT Price £16.95 Publication date January 2006 ISBN: 1-904905-41-2 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. About the author Ian Fleming spent 26 years with Customs before joining the Armstrong Watson Group of Chartered Accountants in 1989. He has experience of the full range of customs and excise work, VAT, and the other indirect taxes. He is also Chairman of the North East Chapter of the VAT Practitioners Group.
Contents of the book CHAPTER 1: THE STANCE The Status of Golf Clubs CHAPTER 2: THE GRIP The VAT Exemption for competition and entry fees CHAPTER 3: THE RULES OF GOLF The VAT Exemption for Sport and Physical Recreation CHAPTER 4: A BIRDIE OR AN EAGLE 1990 Refunds of VAT CHAPTER 5: BUNKER PLAY Partial Exemption CHAPTER 6: DRIVER OR A NINE IRON VAT Liability – taxable or exempt? CHAPTER 7: THE HANDICAP SYSTEM The VAT Legislation and liability of fees CHAPTER 8: MIXED FOURSOMES Attribution of input tax to taxable supplies – some specific examples of club expenditure CHAPTER 9: LOCAL RULES Less common VAT rules CHAPTER 10: A VISIT FROM THE ROYAL AND ANCIENT GOLF CLUB How to deal with a VAT inspection APPENDIX A: Legislation Extracts APPENDIX B: Customs & Excise Business Brief 3/96 APPENDIX C: Golf Club VAT cases
Order form Order details
Delivery details (please complete all fields)
I wish to pay by
credit card Mastercard Amex Visa Credit card number I attach a cheque for £ made payable to Spiramus Press Ltd Returning your order Post: Turpin Distribution, Pegasus Drive, Stratton Business Park, Biggleswade, Beds SG18 8TQ
Telephone +44 (0)1767 604951 Fax +44 (0)1767 601640 |
|
Spiramus Press Ltd, is registered in England and Wales (number 4827945). Registered address: 102 Blandford Street, London W1U 8AG. VAT no. GB 8322712 52. The pages of this website are subject to copyright © Spiramus Press Ltd 2008. Send mail to webmaster@spiramus.com with questions or comments about this web site. Privacy policy Last modified: 25-Jun-2008 |
