VAT question
Odeko
Registered Posts: 2 New contributor 🐸
Hi,
New to the forums and just got my full MIP status.
I have a quick VAT question which I have put to HMRC but they said I had to email in which will take ages.
This is my questions:
One of my clients I act for is a recently formed committee who are receiving funding from various local authorities to improve the local sports facilities.
They registered for VAT under the advisement of one of the governing bodies saying they could claim back the input VAT on the refurbishment.
The "club" is registered for VAT, it charges output VAT on bar sales and has opted to charge VAT on the rental use of the facilities (If and when it gets any)
As far as I can see, all its Outputs fall under as standard VAT and the money granted is outside the scope. From my understanding the original recommendation was correct and they can claim back the input VAT on the refurb work.
Just would like a second opinion.
Thanks
Ode.
New to the forums and just got my full MIP status.
I have a quick VAT question which I have put to HMRC but they said I had to email in which will take ages.
This is my questions:
One of my clients I act for is a recently formed committee who are receiving funding from various local authorities to improve the local sports facilities.
They registered for VAT under the advisement of one of the governing bodies saying they could claim back the input VAT on the refurbishment.
The "club" is registered for VAT, it charges output VAT on bar sales and has opted to charge VAT on the rental use of the facilities (If and when it gets any)
As far as I can see, all its Outputs fall under as standard VAT and the money granted is outside the scope. From my understanding the original recommendation was correct and they can claim back the input VAT on the refurb work.
Just would like a second opinion.
Thanks
Ode.
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership