The government is consulting until 15 June 2016 on devising a prescribed set of categories for contributions companies could make to grassroots sports which would qualify for corporation tax deductions. The broad outline proposed is that to be eligible contributions would need to:
be directed towards a sport recognised as eligible;
benefit ‘grassroots sports’; and
fit a category on the list of ‘qualifying contributions’.
Contributions would also have to be made to an organisation classed as an eligible recipient in order for a deduction to be given. Qualifying contributions might include:
provision of grassroots facilities (such as pitches and changing rooms);
playing kits and equipment;
volunteer training and support;
coaches and coaching;
recruitment and training of referees officials and judges; and
...
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The government is consulting until 15 June 2016 on devising a prescribed set of categories for contributions companies could make to grassroots sports which would qualify for corporation tax deductions. The broad outline proposed is that to be eligible contributions would need to:
be directed towards a sport recognised as eligible;
benefit ‘grassroots sports’; and
fit a category on the list of ‘qualifying contributions’.
Contributions would also have to be made to an organisation classed as an eligible recipient in order for a deduction to be given. Qualifying contributions might include:
provision of grassroots facilities (such as pitches and changing rooms);
playing kits and equipment;
volunteer training and support;
coaches and coaching;
recruitment and training of referees officials and judges; and
...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
