Key UK tax changes for not-for-profit sports clubs in 2018/19
Published 07 January 2019 By: Richard Baldwin MBE; FCA; CTA; B Com
Tax changes are constant and impact the finances of not-for-profit sports clubs. In addition to tax risks there are opportunities for clubs to use tax legitimately to enhance cash flow. This article provides a reminder of these risks and opportunities and updates clubs on the main tax changes affecting them in 2018. Specifically, it looks at:
Special status and using gift aid
Value added tax (VAT)
Employment related tax matters
Corporate criminal offences and incorporated not-for-profit clubs
Readers should note that this article builds on the author's previous LawinSport article: Key UK tax law developments for not-for -profit sports clubs in 2017/181.
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- Tags: Amateur | Charity | Community Amateur Sports Clubs (CASC) | Corporate Criminal Offences | Corporation Tax | Employment | Finance (No_ 3) Bill | Finance Act 2018 | Gift Aid | HMRC | HMT | Value Added Tax (VAT)
- Key UK tax law developments for not-for-profit sports clubs in 2017/18
- A Guide to Club Structures for Semi-Professional and Amateur Sports Clubs
- Investing in the next generation: An overview of the new UK corporation tax relief for grassroots sport
Richard Baldwin MBE; FCA; CTA; B Com (Sports tax consultant)