To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing temporary VAT registration for non-profit sports organisations.
28 October 2020
Under the current VAT rules, bodies that have a turnover in excess of £85,000 must register for VAT. However, bodies that are below the VAT registration threshold may register for VAT voluntarily.
Bodies that are VAT registered are required to charge VAT and are also able to recover any VAT costs that they incur in the course of their taxable business activities.