Further to our blog of the 2 January 2014, we should also point out that the European Court ruling will apply to any fees received by a not for profit organisation for the playing of sport.
H M Revenue & Customs has yet to publish their reaction to this decision but all sports Clubs should now consider making claims covering the last 4 years.
One note of caution- additional exempt income is likely to result in additional VAT being lost on associated expenditure and may particularly affect any capital projects undertaken in the last 10 years.
Professional advice should always be taken before any claim is made.
The full details of our earlier blog can be found here.