Tuesday 18 September 2012

Goal!!!!!


Goals Soccer Centres, a five-a-side football firm, has won an appeal against a tax ruling by HMRC.

In 2011 HMRC ruled that league block bookings were not exempt from VAT, this ruling negatively impacted Goals' tax bill.

However, having now won its appeal, the company (as per the BBC) is expecting to book an increase in pre tax profits for the current year of around £500K.

The Telegraph notes that ministers now have have 56 days to appeal to a higher tribunal. However, they may decide not to do so amid pressure from campaigners to drop the unpopular tax, which can see players having to pay an extra £1 each on top of the typical £4.50 cost of a game.

Tax does have to be taxing.



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