Exemption ― youth clubs

Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance

Exemption ― youth clubs

Produced by a Tolley Value Added Tax expert
Value Added Tax
Guidance
imgtext

This guidance note covers the VAT treatment of supplies made by youth clubs and an association of youth clubs.

What is a youth club?

A youth club is a club that meets the following conditions:

  1. the majority of the members are under 21 years of age

  2. the club was established to promote the social, education, physical or spiritual needs of the members

  3. a range of activities are provided to the members

  4. it has its own constitution

  5. it can produce a set of accounts

  6. it cannot and does not distribute any profits

  7. any profits are used to enhance the activities offered to the members and cannot be used in respect of any outside activity

The following would not be regarded as youth clubs:

  1. youth sections of larger organisations, such as leisure

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
Powered by Tolley+
  • 03 Oct 2022 07:17

Popular Articles

What are connected companies for loan relationship purposes ― practical approach

What are connected companies for loan relationship purposes ― practical approachBrief overview of the rulesThe loan relationships legislation applies to any ‘money debt’ arising from the lending of money entered into by a company, either as a lender or borrower. The rules are contained in CTA 2009,

20 Apr 2021 16:00 | Produced by Tolley Read more Read more

FRS 102 ― tax presentation and disclosures

FRS 102 ― tax presentation and disclosuresPresentation of tax under FRS 102An entity must present changes in a current tax liability (or asset) and changes in a deferred tax liability (or asset) as a tax expense (or income) unless the item creating the current or deferred tax amount is recognised in

14 Jul 2020 11:46 | Produced by Tolley in association with Malcolm Greenbaum Read more Read more

Withholding tax

Withholding taxIntroductionUK tax must be withheld on UK payments including:•interest•royalties•rental incomeUK withholding tax may be reduced under the provisions of a double tax treaty (DTT). Prior to 1 June 2021, payments of interest and royalties made to EU resident associated companies were

14 Jul 2020 14:01 | Produced by Tolley Read more Read more