TaxCorporate TaxGoals’ figures hit by VAT dispute

Goals' figures hit by VAT dispute

Goals Soccer Centres' dispute over VAT on block bookings hits its sales figures

A VAT DISPUTE has hit Goals Soccer Centres’ sales figures.

Sales increased by 9% to £30.3m at the football leisure venues business, with like for like sales up 1%.

However, an ongoing argument with HMRC over standard rate VAT being charged on block bookings of pitches has resulted in overall like for like sales falling 2%.

The VAT issue is expected to be resolved in the Spring.

Goals has also agreed a new four year banking agreement with Bank of Scotland, totalling £56m.

The deal comprises a revolving credit facility of £38m, a term loan of £16m and an overdraft facility of £2million.

These facilities have been negotiated at “competitive market rates”, said Goals, adding that it would provide the company with the “financial flexibility to meet our growth aspirations”.

Related Articles

'Innocent' companies will be hit by tough HMRC anti-fraud powers

Corporate Tax 'Innocent' companies will be hit by tough HMRC anti-fraud powers

1y Stephanie Wix, Writer
Building company director banned for 7 years for VAT under-declaration

Corporate Tax Building company director banned for 7 years for VAT under-declaration

1y Richard Crump, Writer
Berkshire motor business VAT fraudsters sentenced

Corporate Tax Berkshire motor business VAT fraudsters sentenced

1y Richard Crump, Writer
The growth and challenges of digital sales taxes globally

Corporate Tax The growth and challenges of digital sales taxes globally

1y Editorial comment
CIoT urges government to rethink VAT approach to online traders

Corporate Tax CIoT urges government to rethink VAT approach to online traders

1y Richard Crump, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
HMRC calls for extra time in Spot the Ball legal battle

Corporate Tax HMRC calls for extra time in Spot the Ball legal battle

2y Fraser Simpson, Reporter
Bishop Fleming launches new cloud accounting product

Accounting Firms Bishop Fleming launches new cloud accounting product

2y Richard Crump, Writer