Key UK tax law developments for not-for-profit sports clubs in 2017/18
Published 14 December 2017 By: Richard Baldwin MBE; FCA; CTA; B Com
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
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- Tags: Community Amateur Sport ClubS (CASC) | HMRC | Income Tax | National Minimum Wage | PAYE | Tax | UK | Value Added Tax (VAT)
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Richard Baldwin MBE; FCA; CTA; B Com (Sports tax consultant)