THE FIVE-A-SIDE football industry has received a boost after the taxman 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.
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