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Your main tax objectives as a club are to:
- minimise tax arising on distributions and fees received from governing bodies and leagues and from their commercial partners;
- maximise tax relief for expenditure;
- maximise capital allowances on stadium development and training facilities;
- remunerate players and officials in a tax efficient manner; and
- comply with ever increasing compliance obligations.
Clubs must also look outwards and work with investors and financiers to structure investment tax efficiently. We can help clubs meet these objectives. Clubs, and in particular professional clubs, are currently operating under the Inland Revenue spotlight like never before due to high profile issues such as agents’ fees and image rights and correct and complete tax compliance has become ever more important. Professional advice is vital.
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