VAT refunds

For the second time in about 15 years, HMRC has lost a court battle about VAT being levied at members' clubs. So virtually all members' clubs are in receipt of another cash windfall of (usually) between £100K and £1 million.

It's a great way to make themselves solvent after a tough 8 years, and start some capital spending projects.

As for HMRC, it must be a disaster - hundreds of millions plus accrued interest to be handed over.

HMRC will drag this out as long as possible. They may have lost, but I wouldn't make any plans for the "windfall" until the cash has been received.

I bet the amount to be handed over is less than £100m, and also that it will take them a couple of years to distribute the cash.

Many of the clubs that have claimed have been paid since the turn of the year. It's happening.

Reduction in membership fees?

McLaren wrote:Reduction in membership fees?

Come come Mac, membership fees here are cheap enough. I'm sure you'd prefer 100k or so to be put back into the course than for you to get £30 off your annual subs wouldn't you?

That is a few weeks bus money.

George1507 wrote:Many of the clubs that have claimed have been paid since the turn of the year. It's happening.

Oh really? Good news! My club has a agreed a settlement with HMRC but no cash received yet.

McLaren wrote:Reduction in membership fees?

AGM after-party: Blow it all on champagne, drugs and hookers

Funds received a couple of months ago. £117k - refurb of changing rooms. How dull!!!

raycastleunited wrote:HMRC will drag this out as long as possible. They may have lost, but I wouldn't make any plans for the "windfall" until the cash has been received.

I bet the amount to be handed over is less than £100m, and also that it will take them a couple of years to distribute the cash.

Our place has received nearly £200,000. Not sure why it's 'ours' though and attempts not being made to pay back those visitors who were charged VAT when they shouldn't have been...

navyblueshorts wrote:

raycastleunited wrote:HMRC will drag this out as long as possible. They may have lost, but I wouldn't make any plans for the "windfall" until the cash has been received.

I bet the amount to be handed over is less than £100m, and also that it will take them a couple of years to distribute the cash.

Our place has received nearly £200,000. Not sure why it's 'ours' though and attempts not being made to pay back those visitors who were charged VAT when they shouldn't have been...

That'll be the next thing that happens. I'll bet a few clubs make an appearance in the small claims court in 2017 defending claims from society golfers.

I remember doing our claim for VAT back about 1995 didn't half help at the with high interest rates at the time .Presume this is to do with visitors fees.
Its not difficult to make a privately owned club into a 'members club' for this purpose and well worth it.