Tuesday 3 July 2012

VAT on football

FIVE-a-side football players at over 150 UK sites are facing a new tax on their favourite sport.
Players will now have to fork out an extra £1 on a typical £4.50 cost of a game.
The taxman is now demanding VAT at 20 per cent from the commercial sports companies that run all weather pitches.
Previously, it was understood that they were exempt from the tax because they were deemed to be encouraging people to take regular exercise. However, the Treasury says the leagues have been hiring pitches from commercial companies and are therefore liable to tax.
Former sports minister and Labour MP has condemned the move given the UK’s rising obesity levels and the fact the country is hosting the Olympics in under a month’s time.
A spokesman for HMRC said commercial sports league providers were liable to the standard rate of VAT.

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