Either way organisers can save vat and/or simply the vat process or restructure below limit. Not hope it goes away.Roger de Coverly wrote:Alex Gillies wrote:
I would have thought the bottom line with VAT is that all entry fees would have to be increased by 20% or some lesser amount to the extent there are offsets available.
Search found 4 matches
- Wed Aug 24, 2016 9:09 pm
- Forum: Junior Chess
- Topic: "SavetheUKCC" petition
- Replies: 605
- Views: 207168
Re: "SavetheUKCC" petition
- Wed Aug 24, 2016 9:05 pm
- Forum: Junior Chess
- Topic: "SavetheUKCC" petition
- Replies: 605
- Views: 207168
Re: "SavetheUKCC" petition
From my experience HMRC ought to be going after the Deliberate and concealed part of the penalty regime. Schools cannot retrospectively be charged the VAT & can only put VAT through a LAs HMRC claim on provision of a valid tax invoice. Some set ups may even have charges to parents & in those cases ...
- Wed Aug 24, 2016 8:49 pm
- Forum: Junior Chess
- Topic: "SavetheUKCC" petition
- Replies: 605
- Views: 207168
Re: "SavetheUKCC" petition
It follows from that that the UKCC has an advantage vs standard congresses as its "customers" can simply recover the vat charged. It doesn't follow though. The first point is that with the exception of the ECF itself, all other Congress organisers are well above the VAT threshold. The second point ...
- Wed Aug 24, 2016 7:27 pm
- Forum: Junior Chess
- Topic: "SavetheUKCC" petition
- Replies: 605
- Views: 207168
Re: "SavetheUKCC" petition
I don't understand Mike's argument about schools being able to reclaim VAT since most primary school chess clubs (breakfast, lunchtime & after school) in our area seem to be run commercially by independent suppliers. A lot of the facts are not known and clearly detailed advice should have been soug...