Did you know there is a package of tax reliefs introduced to encourage investment in sport?
CTA10/PART6A extends the circumstances in which contributions to grassroots sports can be deducted from the taxable profits of CT payers.
Corporate donors can now make tax-deductible donations to National Governing Bodies if the money is spent on grassroots sports.
Corporate donors can make tax-deductible donations to local sports clubs up to a maximum of £2,500 per accounting period. Previously tax relief was only available if the club was a registered charity or registered CASC with HMRC.
To discuss please contact our Corporate Tax Teams on either Rugby 01788 539000 or Leicester 0116 261 0061.