Wednesday, November 1, 2017
The Non-Intuitive Tax Implications of Bridge
Here’s a fun item I came across in the Washington Post: It’s Official: Bridge Is Definitely Not a Sport.
Turns out that in England sporting organizations do not have to pay the Value Added Tax and, hence, don’t include VAT charges on admission fees to sporting events.
The English Bridge Union thought it ought to also be exempt from VAT and so sought a ruling that bridge was a sport. Their bid, however, was set by the European Court of Justice. The linked article has the details.