Sports & Leisure
Our specialists can assist in a range of VAT & Tax areas
Calculating VAT and Tax liabilities for clients in the sports and leisure industry can be a challenge. It’s an area of taxation that deals with the supply of services and facilities for playing sports, or taking part in physical recreation. It also includes physical education and competitions, and in many cases, the supply of services can be exempt from VAT.
At Deeks VAT Consultancy we have years of experience in calculating VAT for sports and leisure organisations. We offer a full VAT health check, to review a client’s circumstances and determine how its VAT obligations can best be met. This will also serve to identify any areas where VAT can be saved or claimed back.
We have also provided planning advice to eligible bodies, to ensure their services are taxable. This generally applies to not for profit organisations such as sports clubs, and allows significant recovery of VAT on the construction of new sports facilities. We can also offer advice to commercial providers, to determine whether there is any scope for VAT exemption.
Different VAT ratings are applied to specific facilities and services supplied by, for instance, a sports club, so it’s important to apportion the right one. There are also separate VAT liabilities for a single supply and for multiple supplies. Given that VAT payments are frequently not recoverable, there is considerable incentive to claim any eligible exemptions. HMRC have been known to deny exemptions in certain circumstances, but these rulings have been successfully challenged in recent years.
Deeks VAT Consultancy are fully invested in assisting sporting organisations to meet their VAT obligations and achieve the best possible outcome for their VAT liability. This includes determining exemption status, identifying all possible VAT reliefs and ensuring that an organisation is VAT compliant so as to avoid any financial penalties.
Latest news & insights
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WEEKLEY TOP TIPS – DEEKS VAT
Partial Exemption De Minimis Limits One of my favourite stories about the partial exemption de minimis limits involves a hairdresser I advised several years ago. She owned the freehold of her property, which consisted of a ground-floor shop where she ran her business and a first-floor flat that she rented out on a buy-to-let basis. […]
- News
VAT ALERT – VAT Implications in Holiday Accommodation: Abbeyford Caravan Company (Scotland) Limited v. HMRC
This case delves into VAT treatment within the UK holiday accommodation sector, focusing on the complex issues of VAT apportionment between standard-rated goods and zero-rated accommodation services for holiday chalets and caravans. Case Background Abbeyford Caravan Company operates holiday parks in Scotland, offering fully furnished chalets, caravans, and associated facilities to holidaymakers, which collectively create […]
- News
Deeks VAT News issue 50
Welcome to this month’s Newsletter November 2024 issue 50 Keeping you up to date on VAT changes In this month’s newsletter we cover the following: Second-hand goods scheme and best judgement – The Ancient & Modern Jewellers Limited case Visual Investments International Ltd (Visual) v HMRC UK e-invoicing initiative and consultation Change of bank details […]
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Here at Deeks VAT Consultancy we can help all types of businesses, either personally or acting on your behalf for your clients. Drop us a message and one of our specialists will be in touch to discuss how we can help.
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