To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of allowing non-profit sports organisations (a) that are and (b) that are not VAT registered to claim back VAT during the covid-19 outbreak.
8 December 2020
Under the current VAT rules, bodies, including non-profit organisations, 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 on their taxable business activity and are also able to recover any VAT on costs that they incur in the course of that taxable business activity.