Sports Club- Vat question
lulu84
Registered Posts: 9 New contributor 🐸
Hi
My brother plays for a local rugby team and they are thinking of buying some flood lights that will cost around £2000.He asked me if the club would be able to claim the vat back on these. The club is not vat registered as I don't think they bring in much if any.
Could they sign up to be vat registered voluntarily like a charity would or is it not worth it.
Thanks
Lisa
My brother plays for a local rugby team and they are thinking of buying some flood lights that will cost around £2000.He asked me if the club would be able to claim the vat back on these. The club is not vat registered as I don't think they bring in much if any.
Could they sign up to be vat registered voluntarily like a charity would or is it not worth it.
Thanks
Lisa
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Comments
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Found this
http://www.hmrc.gov.uk/charities/casc/trading.htm
I think he needs to look into this a bit more, or maybe you'll be able to make an informed decision depending on the club's financial activities.
Definitely worth considering I think!0 -
This is great, I will let him have a look at this
Thank you
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