½Û×ÓÊÓƵ

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
To read the full Guidance note, register for a free trial of Tolley+â„¢
Powered by
  • 03 Oct 2022 07:17

Popular Articles

Inter-spouse transfer

Inter-spouse transferIntroductionWhen a chargeable asset is transferred between two spouses or civil partners, there is a disposal by the transferor spouse / civil partner and an acquisition by the transferee spouse / civil partner for capital gains tax purposes. For simplicity, spouses and civil

14 Jul 2020 12:01 | Produced by Tolley Read more Read more

Carried-forward losses restriction

Carried-forward losses restrictionOverview of the carried-forward loss restrictionAn important restriction in the use of losses carried forward was introduced by Finance (No 2) Act 2017. Subject to a de minimis of £5m (known as the deductions allowance), most carried-forward losses are restricted to

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Qualifying charitable donations

Qualifying charitable donationsCompanies can obtain corporation tax relief for qualifying payments or certain transfers of assets to charity under the qualifying charitable donations regime. Definition of qualifying charitable donationThe definition of ‘qualifying charitable donations’

14 Jul 2020 13:03 | Produced by Tolley Read more Read more