Obesity currently costs the economy £2bn a year, which is set to increase because 70% of young people give up sport after leaving school, the Financial Times reported.
But sports minister, Richard Caborn, aims to introduce measures that will help out cash-strapped sports organisations. The initiative will give clubs mandatory rate relief of 80%, with many eligible for complete exemption.
‘Increasing levels of participation in sport is in our interest because it is in the nation’s interest,’ said Caborn.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states