Clubs who are VAT registered are encouraged to take action to protect their ability to continue recovering all VAT incurred.
An unintended consequence of clubhouse closures due to Covid has been a material drop in taxable incomes generated by clubs. This in turn has reduced VAT recovery rates as this is calculated to reflect taxable incomes. HMRC has recognised this issue and is encouraging clubs to seek approval to adopt the year end 2020 recovery rates for 2021. Formal approval for this procedure must be obtained from HMRC and further information can viewed here.
Any club having not yet actioned this matter is able to contact Russell Moore on the RFU VAT helpline to assist with this 07710 329317 or via email@example.com.
Lease Review Offer
Irwin Mitchell, Official Legal Partner of England Rugby, has developed a fixed-fee lease review exclusively for our rugby clubs. The review will help your club understand its current lease, identifying any issues or pitfalls. This is especially important for clubs looking to improve their club facilities or to potentially make changes to their operations.
See below to find out more about the RFU Lease Review and costs.
This was developed following a successful ‘know your lease’ webinar that was hosted by Irwin Mitchell and can be viewed below