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The decision of the European Court of Justice in Canterbury Hockey Clubs changes the Value Added Tax (VAT) liability of temporary member's income (green fees) from being standard rated to being VAT exempt. Earlier, the UK's House of Lords finally ruled that the introduction of the three year cap on refunds of overpaid VAT was illegal. As a result of these two decisions, members' golf clubs can submit claims to Her Majesty's Revenue and Customs for refunds of VAT on temporary members' income in respect of sporting services provided. This second edition of A Walk down the Fairway of Value Added Tax gives all the information needed to make a claim, along with the legal reasoning behind the liability changes that have taken place. If a claim is made for the period from January 1, 1990 to December 4, 1996, the claim has to be made by the March 31, 2009. If this deadline is not met, claims will be restricted to three years prior to the date of the claim.
Most major economies use a value added tax (VAT) which is a derivation of the French 1954 taxe sur la valeur ajoutée. The initial imposition of VAT in France and its spread around the world have been driven by economic reasons. This book focuses on one of these economic triggers: the neutrality of VAT as regards the functioning of the economy. It demonstrates that the reason VAT was chosen in France and why thereafter it spread around the world was because it offered the possibility to collect governmental revenue while allowing the economic forces of the market to interplay without being adversely affected. The prerequisite conditions for the existence of VAT neutrality are therefore identified herein along with an overview of the VAT mechanism, demonstrating that the concept of neutrality is built into the VAT system in a manner that allows for the preservation of the natural functioning of the market. After the definition of VAT neutrality is set forth, the elements that comprise VAT neutrality are tested against the realities on the ground and the issues that infringe the neutrality of VAT are identified and analysed. In conclusion, remedies for these issues are being sought by a review of the causes of infringement of VAT neutrality in the perspective of selected proposals for modified VAT systems. These proposals include redesignating the place where VAT is levied and improving VAT collection. Ultimately, the proposed solution has recourse to the roots of VAT together with the most advanced technological tools available to give back to VAT the power to levy revenue while letting the economic forces of the market interplay without instigating any adverse influence.
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