The threshold's Â£ 70,000 according to http://vat-threshold.co.uk/. On a good year, your prize fund could get near to this.Alex Holowczak wrote: I'd have thought it wise to run the British as an independent event to avoid VAT liability. (Even then, I'm not sure if it comes below the threshold - I don't actually know what the threshold is!) The BICC could run the tournament, and just appoint Dave and Alex to run it as they do now.
I've speculated on this as well. You may have a couple of specific issues though. The first being that there's nearly a hundred prior examples of the Congress being part of the ECF and the BCF before that. So it looks like avoidance in a way that setting up a new event doesn't. The second is that it might be more comforting to a local tourist body or whatever to be dealing with the national chess body, rather than a one off entity with little track record.
It's been asserted in the past, that because of expenses which themselves contain VAT, that charging VAT on entries doesn't cost 20% when seen in the context of the overall budget for the Congress.