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:
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Employment related tax matters (PAYE, NIC, National Minimum Wage);
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Value added tax
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Corporation tax
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Special tax status
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Gift aid
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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)
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Written by
Richard Baldwin MBE; FCA; CTA; B Com
Richard Baldwin MBE; FCA; CTA; B Com (Sports tax consultant)
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