Im seeing a potential client this week who has taken on a golf club. Its a profit making enterprise. I'm aware that there are some VAT issues for non profit making golf clubs. Is there anything in particular I should be aware of for a profit making golf club? Presumably its membership fees, bar sales, equipment sales and green fees which will all be std rated. Any thoughts?
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You can get a round up and various links at http://www.englandgolf.org/page.aspx?sitesectionid=507
I'd say don't take it on unless you know what you're doing with it though. The golf clubs I act for are reasonably expensive and amongst their memberships they have several accountants, solicitors, and other types of people I wouldn't want to make an almighty [***]-up in front of!