A Walk Down the Fairway of Value Added Tax: A Practical Guide to Vat for Golf Clubs

Value Added Tax (VAT) is probably the furthest thought from anyone's mind as they look out from the golf course clubhouse towards the first tee. But for anyone involved in the administration of golfing clubs, and in particular with their finances, grappling with VAT has been a thorny issue ever since it was introduced in the UK in 1973. This book is intended as a guide to the basic rules of VAT as they affect UK golf clubs. The book highlights many of the most common problems likely to arise in the context of VAT, and offers some practical solutions, such as how to avoid an unexpected VAT bill on a refurbishment of the clubhouse. With this book as a reference, it will be easier to avoid the many VAT "bunkers" which can create unwelcome and costly traps for golf clubs.