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VAT rules for online sporting events

What are the VAT rules for online Sporting Events UK?

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I have a UK business that provides virtual sporting events to the general public, We set up events using our virtual sporting software to help people stay active. I cannot find any information about VAT rules for this since it is sporting activities, digital products and also services? Can anyone advise? 

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Psycho
By Wilson Philips
26th Oct 2020 22:13

“Can anyone advise?”

A wild guess - your accountant?

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Replying to Wilson Philips:
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By Trob2020
26th Oct 2020 22:29

Apologies I don't have one, I am a new business and was hoping I could find one on here who knew the regulations on this, I thought I'd find help from professionals not rude and unprofessional sarcasm, I think I'll try elsewhere.

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By Paul Crowley
26th Oct 2020 22:34

Good idea
The accountant will need to chat it through with you, but first meeting usually free

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Replying to Paul Crowley:
RLI
By lionofludesch
26th Oct 2020 22:53

.

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Replying to Wilson Philips:
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By Trob2020
26th Oct 2020 22:30

Apologies I don't have one, I am a new business and was hoping I could find one on here who knew the regulations on this, I thought I'd find help from professionals not rude and unprofessional sarcasm, I think I'll try elsewhere.

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Replying to Trob2020:
RLI
By lionofludesch
26th Oct 2020 22:55

Fair enough. Try to be less vague with your description of your "events". The more information you provide, the better the chance of the answer you receive being correct.

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Replying to Trob2020:
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By Youareatit
26th Oct 2020 23:37

Quote:

Apologies I don't have one, I am a new business and was hoping I could find one on here who knew the regulations on this, I thought I'd find help from professionals not rude and unprofessional sarcasm, I think I'll try elsewhere.

Your apologies are worthless, clearly said with the scarcasm you claim to detest.

You posted knowing this was a site for professionals, yet you posted as anon, so you were clearly not looking for an Accountant on here, which indicates you were just freeloading.

Yet you do not even provide enough information to be able to provide a meaningful response.

That said, there is loads of help on this post. It may appear initially to not cover your situation but many posts on this forum go off at some really strange tangents. I am too busy just now to find the exact point where it covers your situation but it will become clear. You may need to read through a few of the starting posts to get to the answers you need, but peservere, its well worth a read.

https://www.accountingweb.co.uk/any-answers/how-can-we-transfer-shares-f...

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RLI
By lionofludesch
27th Oct 2020 07:19

[Chuckle]

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Replying to Trob2020:
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By Mr_awol
27th Oct 2020 11:23

Quote:

I have a UK business that provides virtual sporting events to the general public, We set up events using our virtual sporting software to help people stay active. I cannot find any information about VAT rules for this since it is sporting activities, digital products and also services? Can anyone advise? 

I have clients in this sector originally organising actual events - endurance events, tri/duathlons, marathons, etc. They have moved to virtual during Covid (some idiots will still pay £40 for a virtual event to get a cheap medal, despite the fact there's no chip timing, support, water/toilet stations, first aid, etc). As such whilst i wouldn't claim to be a specialist in VAT i probably have most or all of the answers you are looking for and would have provided some brief advice for free.

Quote:

Apologies I don't have one, I am a new business and was hoping I could find one on here who knew the regulations on this, I thought I'd find help from professionals not rude and unprofessional sarcasm, I think I'll try elsewhere.

Unfortunately you've spat your dummy because some members of our community (which you have invaded despite the signup process making it clear this is a forum for accountants) have pointed out that you would be better of asking your accountant who knows the specifics of your business model, and that this is not really a site designed for freeloaders to avoid paying their existing advisor or avoid paying an accountant at all (especially when they have deliberately broken the rules by posting anonymously with no good reason.

For the record, i would have ignored the fact you are a freeloader and whilst I wouldn't have spent hours giving detailed advice id have given you some decent pointers. The anonymous posting would have put me off but I would have been ok if you'd acknowledged your error and changed the OP to show your username and shown a bit of courtesy. Instead you've got the hump because people didn't bend over backwards to help you, you have ironically called THEM rude, and sent a parting shot at the very people you were asking for help from.

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By the_drookit_dug
26th Oct 2020 23:12

It depends on what exactly you're providing, which isn't clear from your post.

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By Paul Crowley
26th Oct 2020 23:15

VAT rules for online sporting events
What are the VAT rules for online Sporting Events UK?

Latest Any Answers
VAT rules for online sporting events

I have a UK business that provides virtual sporting events to the general public, We set up events using our virtual sporting software to help people stay active. I cannot find any information about VAT rules for this since it is sporting activities, digital products and also services? Can anyone advise?

Thanks (2)
re
By Jason Croke
27th Oct 2020 08:58

It's useful in these situations to presume the supplies you make are taxable and then look to see if they can be exempted in some way, in other words, ask yourself why would my supplies not be taxable? Review this link, section 3, 3.1,

https://www.gov.uk/guidance/sport-supplies-that-are-vat-exempt-notice-70...

Seems to me, you are providing services, not goods (unless you are selling equipment or clothing). Your corporate structure (for profit or not for profit) is the starting point, followed by what you are supplying, from your post seems that is digital services to individuals primarily.

As others have posted, not enough information in your post to answer and the question you ask is more layered and complex than a simple yes/no.

I agree with others, it is essential to get an Accountant/Advisor, it's cheaper in the long run to have things right from the start, as reverse engineering poor initial decisions can be costly and difficult.

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chips_at_mattersey
By Les Howard
27th Oct 2020 10:43

Jason is correct.
VAT applies to 'supplies,' so it is essential to determine, from contracts and actual practice, what you are supplying to your customers.
And, to keep you on your toes, are your customers in the UK or EU or ROW?
Engage a specialist to help you ask the right questions so you get the right answers!

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