HMRC vs five-a-side industry on VAT issues

HMRC vs five-a-side industry on VAT issues

Five-a-side organisers Goals Soccer Centres may be in talks with the taxman about how the industry pays VAT

The taxman may be probing how the five-a-side football industry pays VAT,
which has led to suggestions the market leader is in talks with the department
to ensure that it is compliant.

Goals Soccer Centres, which runs 37 outlets across the UK and already pays
VAT on some of the services it provides, has said that HM Revenue & Customs
is investigating the industry.

A spokesman for Goals Soccer Centres told the
Daily
Telegraph
: “HMRC is looking at whether individual companies are applying the
VAT rules correctly.

“It may be the case that some are not complying with the VAT rules, however,
we consider Goals Soccer Centres fully compliant with the VAT regulations.”

An HMRC spokesman responded to the Daily Telegraph: “Because of our statutory
duty of confidentiality, we can’t comment on an individual business’s tax
affairs.”

Further reading:

Football
season ticket prices face tax hike

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article