Key UK tax changes for not-for-profit sports clubs in 2018/19

Monday, 07 January 2019 Author: 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:

Corporation tax
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 2017/18 1.

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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)

Written by

Richard Baldwin MBE; FCA; CTA; B Com

Richard Baldwin MBE; FCA; CTA; B Com (Sports tax consultant)

Richard has specialised in the taxation of sport for almost 40 years. Until 2005 he was Tax Partner in Deloitte's London Office leading its sports tax practice. Since leaving Deloitte he spends most of his time advising clubs on tax particularly CASC and charity status. Much of his time is provided on a pro bono basis. He was awarded the MBE for his services to sport in 2013.