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The addition of VAT on REPs membership subscriptions

Being a member of the Register of Exercise Professionals has many benefits including; industry credibility and personal development and increasingly more member benefits. These services are constantly being upgraded and improved in order to maintain the high standards of our offering. 

 

Having conducted an internal audit, and a full review of processes, we sought independent VAT advice from two experts. Both concluded REPs does not sit outside of the scope of VAT. The standard rate VAT is to be charged on all membership fees, and will be introduced from 1st February 2013.

 

There are a number of ways this can be mitigated:

  • If you are the employer and you pay the membership fee for your staff, you may be able to recover the VAT.
  • If you operate your own company you may be able to recover the VAT, and your company may be able to take a corporate tax deduction for the fee.
  • Individuals who are self employed and do not operate through a company may be able to reclaim the VAT if your business is VAT registered.

 

You should discuss any of these points with your Accountant or Financial Advisor to see if you are eligible.

 

We hope you understand why this change is necessary, and continue to support the many benefits of membership of REPs.

 

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