Sports Club- Vat question
lulu84
New MemberRegistered Posts: 9
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
Comments
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!
Thank you