New VAT rules for clubs

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HMRC have issued a revised Notice 701/05 (October 2013) which gives guidance to those people responsible for the VAT affairs of clubs and associations on the correct treatment of their activities. Amendments have been made to Section 7.1 to confirm the VAT liability of machine game receipts and Section 8 to clarify the tax point for the treatment of unused credit balances or unredeemed vouchers. This notice cancels and replaces the June 2013 version report Harris & Co chartered accountants Northampton who specialise in accountancy services for small and medium sized businesses

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