03 January 2007
Our local gliding club has been registered from the outset of VAT, but since 1990 (when sporting activities of this nature became predominantly exempt) it has maintained its VAT registration, accounting under time consuming and complicated partial exemption calculations. As more and more activities have been classified as exempt, even more work needs to be carried out for very little benefit to the club (which only recovers 3.8% of its input VAT), or indeed for the VAT office.
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