Following a meeting on 29th July, HM Treasury has agreed to continue a dialogue with a UKGCOA/England Golf/KPMG project team to consider agreeing a resolution to the VAT distortion in golf.
On 29th July a project team representing UK Golf was granted a meeting with members of the Treasury’s VAT policy team, including the Deputy Director, VAT Business and International Tax Group, HM Treasury.
Among the team representing the golf business were David Joy, Chief Executive England Golf; Craig Wagstaff, Finance Director England Golf; Andrew Sutcliffe, UKGCOA Board member and owner of Tickenham GC; Michael Ramsey, UKGCOA member and owner of Stockwood Vale GC
The 22 slide presentation was written by the UKGCOA (UK Golf Course Owners Association) with legal technical assistance and advice from KPMG, and was presented to HM Treasury officials by Andrew Lloyd-Skinner, Chief Executive, UKGCOA; Paul Stewart, Indirect Tax Director, KPMG; Karen Killington, Senior manager, KPMG (specialist on taxation technical/legal issues); and Simon Trussler, Director and Senior Economist, KPMG
The full presentation will be available for UKGCOA members to download from the new website, due for launch during early August. UKGCOA members will be asked to confirm confidentiality terms before downloading the presentation.
Andrew Lloyd-Skinner told GolfBusinessNews.com: “While I don’t intend to provide detailed minutes of the meeting, there were some key points that readers of this report should be made aware of, namely:
Andrew Lloyd-Skinner continued: “The next actions are as follows:
“In summary, as you are aware we are keen to formulate a resolution to the VAT distortion in golf and have commenced a dialogue with HM Treasury/HMRC. Our proposed solutions will, of course, need to be acceptable politically, legally and financially. The UKGCOA will work as quickly as possible in collaboration with England Golf, KPMG and HM Treasury.
“It is clear that demonstrating unity within golf by both the Chief Executives of England Golf and the UKGCOA giving the same messages to HM Treasury in the same room, helped to produce this encouraging step forward.
“The ongoing work to neutralise the VAT distortion in golf will require the support of all clubs. So, if your golf club is not already a UKGCOA member, join now to support their activities, VAT distortion is just one of a number…….although the current top priority, so to find out more or to join the UKGCOA visit www.ukgcoa.com or email email@example.com”