VAT

VAT Update, 8th February 2016

HMRC’s report on the economic incidence of VAT charged on visitor green fees

8th February 2016

VAT on Visitor Green Fees: Update

HMRC have now formally confirmed that they will not be appealing any further aspect of the decision in The Bridport and West Dorset VAT case. As previously advised, this means that the level of Unjust Enrichment relating to green fee claims will be 10%.

Claims will need to be adjusted to take into account:

• The green fee element of Traditional Corporate Golf Days;
• Green Fees charged to Tour Operators;
• Green Fees paid by Corporate Credit Cards.

Last week, KPMG issued a survey to a sample of golf clubs and will assess the data in the week commencing 8th February, ahead of arranging a further meeting with HMRC to discuss the adjustment process. The aim is then to submit individual adjusted claims for each club with a view to securing a repayment of the VAT and simple interest as soon as possible.