Any experts in navigating the SIC codes out there? I need to VAT register a personal training (provides one on one and group fitness training). I am struggling to pick the correct code. He will be on flat rate, so need to ensure it picks up the correct VAT flat rate.
Is it considered an education service? A recreational activity?
If anyone has done this for a fitness client, please share (I am losing the will to live...)
Thanks in advance!
EDIT - at the moment it is listed with Companies House as 93199 - Other Sports activities (but none of the sub codes are appropriate for the VAT reg) - so likely will need amending at CH.
Replies (7)
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Doesn't really matter
I have had similar issues in the past with the trade that appears on the registration certificate bearing little relation to the actual trade however it doesn't seem to have consequence - the VAT trade sector can be manually overridden to the appropriate one.
I had been concerned this would increase the client's risk profile for enquiry but no problems yet.
SIC codes
Does any body spend much time worrying about these? They mostly seem to relate to a bygone age.
Has anyone ever had some official challenge the SIC code that they have used?
He must achieve amazing results if he has reached the VAT threshold or have very rich clients who can pay his high rates and VAT. The only PT I came across couldn't afford an accountant.
VAT registered
I would also suggest a VAT registered P/T must be exceptionally successful. Is the income largely produced from P/T group training sessions or from a pyramid scheme selling supplements?