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NEWS
Grassroots sports clubs bracing themselves for Budget announcement
POSTED 07 Mar 2017 . BY Matthew Campelli
Taking effect from 1 April 2017, the tax refund scheme will allow organisations fitting the criteria to claim a rebate
Several grassroots sports clubs may have to close down if the chancellor doesn’t extend business rate relief during tomorrow’s Budget announcement (8 March), according to the Sport and Recreation Alliance.

The industry body has called on Philip Hammond to announce an extension of the rate relief scheme enjoyed by some organisations to sport clubs, or a form of “transitional assistance” guarding grassroots clubs from rising business rates.

While rateable values are usually reviewed every five years, the last instance occurred in 2010 as the government decided to delay the 2015 revaluation.

As a result increases are due to come into effect in April 2017 and will be “much sharper” according to the Alliance.

“Not all sports clubs are currently eligible for rate relief and a wide range of clubs, such as riding schools, will be impacted,” said Alliance parliamentary and policy officer Charlotte Adams.

“The worst case scenario is that some clubs may end up being forced to close unless the government provides further assistance.”

Hammond may also reveal more details about the corporation tax relief scheme for grassroots sport originally ushered in by George Osborne, his predecessor.

The Alliance has requested that the reforms should enable governing bodies to claim relief for grassroots expenditure spread over several years, and that reforms should “apply to a wide variety of different governing body structures that exist”.
RELATED STORIES
  Grassroots sport to benefit from simplified tax deduction scheme


National governing bodies (NGBs) will be able to donate directly to grassroots sport schemes without paying corporation tax following an intervention by the Treasury.
  ukactive eyes salary sacrifice for high street gyms despite government crackdown on scheme


ukactive remains confident that it can encourage the government to extend its tax relief scheme on employee benefits to include gym memberships, despite an apparent crackdown by chancellor Philip Hammond.
  FEATURE: News Feature: Tax Incentive


Analysis of the government’s corporation tax consultation
  Government seeks private sector investment in grassroots sport with corporation tax cut


The government hopes to encourage private sector investment in grassroots sport by exploring the possibility of reducing or scrapping corporation tax, thus weaning clubs and organisations off public sector support.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
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NEWS
Grassroots sports clubs bracing themselves for Budget announcement
POSTED 07 Mar 2017 . BY Matthew Campelli
Taking effect from 1 April 2017, the tax refund scheme will allow organisations fitting the criteria to claim a rebate
Several grassroots sports clubs may have to close down if the chancellor doesn’t extend business rate relief during tomorrow’s Budget announcement (8 March), according to the Sport and Recreation Alliance.

The industry body has called on Philip Hammond to announce an extension of the rate relief scheme enjoyed by some organisations to sport clubs, or a form of “transitional assistance” guarding grassroots clubs from rising business rates.

While rateable values are usually reviewed every five years, the last instance occurred in 2010 as the government decided to delay the 2015 revaluation.

As a result increases are due to come into effect in April 2017 and will be “much sharper” according to the Alliance.

“Not all sports clubs are currently eligible for rate relief and a wide range of clubs, such as riding schools, will be impacted,” said Alliance parliamentary and policy officer Charlotte Adams.

“The worst case scenario is that some clubs may end up being forced to close unless the government provides further assistance.”

Hammond may also reveal more details about the corporation tax relief scheme for grassroots sport originally ushered in by George Osborne, his predecessor.

The Alliance has requested that the reforms should enable governing bodies to claim relief for grassroots expenditure spread over several years, and that reforms should “apply to a wide variety of different governing body structures that exist”.
RELATED STORIES
Grassroots sport to benefit from simplified tax deduction scheme


National governing bodies (NGBs) will be able to donate directly to grassroots sport schemes without paying corporation tax following an intervention by the Treasury.
ukactive eyes salary sacrifice for high street gyms despite government crackdown on scheme


ukactive remains confident that it can encourage the government to extend its tax relief scheme on employee benefits to include gym memberships, despite an apparent crackdown by chancellor Philip Hammond.
FEATURE: News Feature: Tax Incentive


Analysis of the government’s corporation tax consultation
Government seeks private sector investment in grassroots sport with corporation tax cut


The government hopes to encourage private sector investment in grassroots sport by exploring the possibility of reducing or scrapping corporation tax, thus weaning clubs and organisations off public sector support.
MORE NEWS
The Everyday Heritage initiative celebrates and preserves working class histories
Off the back of the success of the first round of Everyday Heritage Grants in 2022, Historic England is funding 56 creative projects that honour the heritage of working-class England.
Universal announces long-awaited details of its Epic Universe, set to open in 2025
Universal has revealed it will be adding new Harry Potter attractions, alongside Super Nintendo and How to Train Your Dragon worlds to its Florida resort.
Heartbreak for Swedish theme park, Liseberg, as fire breaks out
A fire has destroyed part of the new water world, Oceana, at Liseberg in Sweden, and a construction worker has been reported missing.
Museum director apologises after comparing the city of Florence to a sex worker
Museum director Cecilie Hollberg has come under fire for comparing the city to a sex worker due to uncontrolled mass tourism.
Populous reveals plans for major e-sports arena in Saudi Arabia
Populous have unveiled their plans for a state-of-the-art e-sports arena, designed to stand as a central landmark in Qiddaya City’s gaming and e-sports district, Saudi Arabia.
Raby Castle reveals ambitious plans to become a major visitor destination
Raby Castle, known as one of the finest medieval fortifications in England, is nearing the end of an ambitious two-year renovation project.
+ More news   
 
COMPANY PROFILES
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
TechnoAlpin

TechnoAlpin is the world leader for snowmaking systems. Our product portfolio includes all different [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08-08 May 2024

Hospitality Design Conference

Hotel Melià , Milano , Italy
10-12 May 2024

Asia Pool & Spa Expo

China Import & Export Fair Complex, Guangzhou, China
+ More diary  
 


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Tel: +44 (0)1462 431385

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