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.


Posted by: Aaron Gourley 

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

30 September: the other deadline day

Mon 18th Sep 2017 | Money & Finance

As of 30 September 2017, all football clubs, sports agencies and their intermediaries will fall within the remit of the Criminal Finances Act. Through this Act, criminal sanctions can be imposed on...

Crystal Palace team up with Twickets in fight against touts

Fri 25th Aug 2017 | Money & Finance

Crystal Palace have partnered with ticket re-sale service Twickets to enable its season ticket holders the opportunity to re-sell their seat for individual games they can no longer attend, at face...

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...