PLEASE MAKE YOUR CLUB OR THE CLUBS IN YOUR LEAGUE AWARE OF THIS
Through one of our affinity partners, the opportunity has arisen for all Amateur clubs to be able to claim back VAT on all gaming machines (including one armed bandits, arcade,pool tables etc ) over the last 20 years.
This could equate to £1000's
The company (PKF, which is a large National auditing firm) offer a no win, no fee policy and only collect 10% of all monies recovered.
It doesn't matter if there are no detailed accounts available as PKF will work out an estimate on your behalf, the only condition is that the club must be VAT registered.
The only downside is that you only have until the end of this Month to apply
Please contact one of the following if you have or have had a gaming machine installed in your clubhouse in the past.
There is further information below,
PLEASE FILL IN THE FORM HERE OR CALL THE NUMBERS BELOW
PKF contacts :
Tel: (0113) 228 4207
Tel: (0113) 228 4137
Tel: (0113) 228 4162
recreational clubs – Vat REFUND OPPORTUNITIES
running out to take advantage of vat windfalls
Following a House of Lords decision, Sports and Recreational clubs may
be entitled to substantial refunds of VAT.
Back in 1996, the government reduced the time limit for claiming back
overpaid/ underclaimed VAT to 3 years without allowing a suitable transitional
period. This was deemed to have breached
EU Law and has opened refund opportunities for sports and recreational clubs
who have overpaid / underclaimed VAT before 1997.
Opportunity 1 – Membership Subscriptions
Before an EU ruling in 1994, income in relation to sporting activities
provided by non profit making sports and recreational clubs such as
subscription and snooker/pool income were considered VATable.
Subject to certain conditions, HMRC accept that such income should have been
exempt from VAT since 1990. If you have
previously treated this income, or are currently treating it, as standard rated,
there may be a refund opportunity.
Opportunity 2 – The Rank Group Plc
Historically, Sports and Recreational clubs have been required to
account for Output VAT on gaming machine income.
Following a decision in a recent VAT Case, The Rank Group Plc, there is now uncertainty over the VAT liability
of income received from gaming machines and whether it should always have been
treated as being exempt from VAT. This follows the decision in the recent
European Court of Justice Case, involving Linneweber.
Sports and Recreational clubs can submit claims for overpaid output VAT
for the last 3 years and for the period 1 April 1973 to 4 December 1996. Given
the uncertain case law at present, Sports and Recreational Clubs should submit
protective claims to protect their position in the event that Gaming Machine
income is found to be exempt from VAT.