TaxCorporate TaxGoals boosted by VAT victory

Goals boosted by VAT victory

Goals Soccer Centres successfully appeals against HMRC's treatment of VAT on block pitch bookings

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

Related Articles

How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

1m Santhie Goundar
'Innocent' companies will be hit by tough HMRC anti-fraud powers

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

2y 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

2y Richard Crump, Writer
Berkshire motor business VAT fraudsters sentenced

Corporate Tax Berkshire motor business VAT fraudsters sentenced

2y Richard Crump, Writer
The growth and challenges of digital sales taxes globally

Corporate Tax The growth and challenges of digital sales taxes globally

2y Editorial comment
CIoT urges government to rethink VAT approach to online traders

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

2y Richard Crump, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

2y 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