Shoot members around the country will breathe a sigh of relief after a tax tribunal ruled that syndicates putting on free days in lieu of payment for shooting rights fell outside the scope of VAT.
Experts say that the case, the first of its kind in the UK, will provide valuable assistance to the shooting community generally because it deals with the common situation whereby a landowner grants shooting rights to a syndicate in return for the provision of a number of days of shooting.
Douglas Gordon, VAT expert at chartered accountants Saffrey Champness, said: ?This sort of situation is happening with hundreds, if not thousands, of shoots around the country, and HM Revenue and Customs (HMRC) have tried to tax them and they have been kicked into the long grass. That?s got to be good news for a lot of shoots.?
The rest of this article appears in 6th July issue of Shooting Times.
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