Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Comment: Business Rates - Keep Your Eye On The Ball

Wed 17th May 2017 | Money & Finance

As the 2017-18 drama draws to a halt and we head for the (short) intermission football clubs, both large and small, professional and amateur will want to be alert to the shrill whistle of the tax man whose season never ends.

Business rates are a charge on the use and occupation of all non-domestic structures including stadia, training facilities, shops, car parks and any other commercial assets. Those clubs seeking to improve and upgrade their facilities will be as well to budget for increases, but also consider the opportunity to ‘correct’ any excessive demands.

Demolition in north London of one famous stadium will mean ‘deletion’ of the rates payable…..until the new one is fully fit and ready for use. Any on-going building works taking place over the summer months to other stadia should, as a minimum, give a short term respite against rates, although the penalty eventually could mean an increase to cover the improved facility!

One area of particular concern is the treatment of ‘Grade A’ training facilities. Rating assessments for modern facilities (including club academies) tend to follow build cost and the amounts being spent now will inevitably lead to much higher taxes under the rating regime. Estimates are key at an early stage in the planning of a new or improved facility.

What is also key is a challenge to the effective dates of assessment. Without completion and sign off there are rules governing the date of assessment. Staged assessments or even partial rate relief are quite possible….but retrospective applications do not usually succeed.

www.montagu-evans.co.uk

Posted by: Aaron Gourley 

RETURN TO LATEST NEWS SECTION
SUBSCRIBE TO THE FCBUSINESS RSS FEED
 
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Manchester United & City Donate £1m To Emergency Fund

Thu 25th May 2017 | Money & Finance

Manchester’s two Premier League clubs combine to support the city’s fundraising efforts with a £1m donation pledged to the We Love Manchester Emergency Fund set up in the wake of...

Biggest Prize In Football Gets Bigger For Royals and Terriers

Thu 25th May 2017 | Money & Finance

Huddersfield Town and Reading will battle it out for what is considered the most valuable match in world football at Wembley on Monday 29 th May. Promotion to the Premier League for either club will...

3 Observations From Clubs’ Online Merchandise Stores

Wed 24th May 2017 | Money & Finance

Football clubs and their online merchandise stores have been on DiscountIF ’s radar for some time now. After a few sit downs and calls with clubs in the Premier League, Championship and the two...

The DiscountIF Football Merchandise League

Wed 17th May 2017 | Money & Finance

Manchester United. Real Madrid. Arsenal. These are football clubs first and foremost, but they are also some of the most recognised brands around the world. Football clubs are following others...