I run a small business where I accept online entries for athletic events (track & field, cross country, road races etc) on behalf of the event organisers, all of whom are eligible bodies as defined in notice 701/45.
Entries are accepted in return for the entry fee plus a small admin charge, which covers credit card handling costs, bank charges and internet costs, plus a small profit.
All entry fees are transferred to the relevant organisers in full, and I declare the total of the admin fees less costs to HMRC on my tax return.
My questions are:
Do I need to register for VAT if the total of the entry fees plus admin charges exceeds £85000?, or only if the admin charges exceed £85000 (not likely to happen!)
If I do need to register, on what do I need to account for VAT, and at what rate?
Thanks in anticipation
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