Goals boosted by VAT victory
Goals Soccer Centres successfully appeals against HMRC's treatment of VAT on block pitch bookings
THE FIVE-A-SIDE football industry has received a boost after the tax-man lost a tribunal relating to their treatment of VAT.
In a statement to the stock exchange, Goals Soccer Centres said it had successfully appealed against an earlier ruling that VAT was standard-rated for pitch block bookings.
Its success should boost Goals’ coffers by at least half a million pounds in profits for the current year and in the future.
The problem stemmed from an HMRC business brief in February 2011 that indicated all income relating to commercially operated sports leagues should be standard-rated.