Queens Park 1: Customs and Excise 0
Article Abstract:
A ruling by the London Value Added Tax (VAT) Tribunal in favor of the Queens Park Football Club and against the South Glamorgan County Council is described. The County Council had suggested that supplies for sports facilities were not an exempt supply for VAT purposes. The Tribunal held, however, that exempt organizations such as a local football club or Boys Brigade which make use of County Council facilities should not have to bear the burden of standard rate VAT.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1988
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VAT: retail schemes
Article Abstract:
Retailers' tax liability in Great Britain has been an inexact science since the introduction of the Value Added Tax (VAT), especially for those who make both zero and standard rated supplies. Retail 'schemes' have been published since enabling legislation passed in 1972 that assist VAT registered traders in making their VAT calculations. Amended scheme leaflets issued in Oct 1987 are listed and briefly described for schemes B, C, D, E, and G.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1988
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