TaxCorporate TaxPBR03: Help for amateur sports club

PBR03: Help for amateur sports club

Following on from the success of the Rugby World Cup, Gordon Brown has announced a number of tax concessions for amateur sports clubs.

Brown said the 100,000 clubs in the UK would get 80% rates relief, which would mean savings of between £1,000 to £3,000.

He also said the government would double the threshold for corporation tax to £50,000.

The chancellor also called on the whole house to congratulate the success of the national rugby side.

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