VAT and Social Club Christmas Draws

Johnamill | 16:11 Thu 02nd Dec 2004 | Business & Finance

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When running a Christmas Draw for a Social Club. Members buy tickets at �1 a time, all monies go into prizes for the members. Someone has stated we can claim back VAT on prizes but not pay VAT on ticket money. I disagree saying it'a either collect AND pay VAT or no VAT at all anywhere!! Any opinions?

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VAT and Social Club Christmas Draws

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