Commentary

BB/17A/06 VAT—partial exemption—bookmakers—recovery of VAT on specialist television services and equipment

Part V16 Forms and other HMRC material

BB/17A/06 VAT—partial exemption—bookmakers—recovery of VAT on specialist television services and equipment

BB/17A/06 VAT—partial exemption—bookmakers—recovery of VAT on specialist television services and equipment

Business Brief 17/06. 19 October 2006

This Business Brief article clarifies HMRC policy on the recovery of VAT incurred by bookmakers on specialist TV services, following the Tribunal decision in the case of Town and County Factors (TCF) (2006) VAT Decision 19616 (Part V12). It uses a number of specialist terms, which are fully explained in Public Notice 706 “Partial Exemption” (Part V8).

Background

Betting shops often incur VAT on specialist TV services and equipment on which they screen racing and sporting events, including those for which exempt bets are accepted. TCF

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial