Key UK tax law developments for not-for-profit sports clubs in 2017/18
Tax can have an important impact on the finances of not-for-profit sports clubs.1 But keeping up to speed is difficult as tax law and Her Majesty’s Revenue and Customs (HMRC’s) practices are constantly changing. This article highlights recent developments for not-for-profit sports clubs, explaining some of the pitfalls and pointing out opportunities for clubs to generate cash. Specifically, it looks at:
Employment related tax matters (PAYE, NIC, National Minimum Wage);
Value added tax
Special tax status
Making Tax Digital for business
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- Tags: Community Amateur Sport ClubS (CASC) | HMRC | Income Tax | National Minimum Wage | PAYE | Tax | UK | Value Added Tax (VAT)
- A Guide to Club Structures for Semi-Professional and Amateur Sports Clubs 2015
- Grassroots sport: A guide to registering as a charity or a community amateur sports club
- A guide to complying with UK tax obligations for community and amateur sports clubs
Richard Baldwin MBE; FCA; CTA; B Com (Sports tax consultant)