DCMS Minister (Department for Culture, Media and Sport) urges thousands more sports clubs to register for tax benefits and share in a mutlti-million pound windfall.

The detail is contained in the full press release linked below.

Thousands of amateur sports clubs across the UK are missing out on a share of tax savings running into millions of pounds, Sports Minister Gerry Sutcliffe said today.

• Mandatory business rate relief for 80 per cent of the total business rates bill
• The potential to reclaim Gift Aid on donations from individuals – for every £1 donated clubs can claim an extra 25p tax refund from the government with an additional 3p per £1 available until April 2011
• Exemption from Corporation Tax on profits if their annual trading income is under £30,000 per year

Clubs eligible are those that encourage participation in a qualifying sport, are open to the whole community, without discrimination, and ensure profits go back into the club, benefitting sport. 

• Full Press release: Gerry Sutcliffe – Minister urges thousands more sports clubs to register for tax benefits (0.07MB)