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Sponsorship/Tax Breaks
cunningfox_2
Posts: 31 Forumite
in Cutting tax
First off if this is in the wrong section I appologise but I really did try to work out where would be best!
My question is I am after sponsorship for my Sunday league football team, I have been told that sponsorship of a club can be offset against tax for a business. I have looked on the Inland Revenue website but it was not meant for the common man to understand!I would like to know if it is true and cn someone give a practical example of how it works (so I can sell the idea)
We are an adults team and I am looking at getting 9/10 sponsors for a race night. None of these will be related to members of the club (although may be employers)
Make any sense?
My question is I am after sponsorship for my Sunday league football team, I have been told that sponsorship of a club can be offset against tax for a business. I have looked on the Inland Revenue website but it was not meant for the common man to understand!I would like to know if it is true and cn someone give a practical example of how it works (so I can sell the idea)
We are an adults team and I am looking at getting 9/10 sponsors for a race night. None of these will be related to members of the club (although may be employers)
Make any sense?
0
Comments
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Certain conditions need to be fulfilled in order to qualify for tax relief and these are here:http://www.hmrc.gov.uk/manuals/bimmanual/BIM42565.htm£705,000 raised by client groups in the past 18 mths :beer:0
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