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Grassroots sports clubs bracing themselves for Budget announcement
POSTED 07 Mar 2017 . BY Matthew Campelli
Taking effect from 1 April 2017, the tax refund scheme will allow organisations fitting the criteria to claim a rebate
Several grassroots sports clubs may have to close down if the chancellor doesn’t extend business rate relief during tomorrow’s Budget announcement (8 March), according to the Sport and Recreation Alliance.

The industry body has called on Philip Hammond to announce an extension of the rate relief scheme enjoyed by some organisations to sport clubs, or a form of “transitional assistance” guarding grassroots clubs from rising business rates.

While rateable values are usually reviewed every five years, the last instance occurred in 2010 as the government decided to delay the 2015 revaluation.

As a result increases are due to come into effect in April 2017 and will be “much sharper” according to the Alliance.

“Not all sports clubs are currently eligible for rate relief and a wide range of clubs, such as riding schools, will be impacted,” said Alliance parliamentary and policy officer Charlotte Adams.

“The worst case scenario is that some clubs may end up being forced to close unless the government provides further assistance.”

Hammond may also reveal more details about the corporation tax relief scheme for grassroots sport originally ushered in by George Osborne, his predecessor.

The Alliance has requested that the reforms should enable governing bodies to claim relief for grassroots expenditure spread over several years, and that reforms should “apply to a wide variety of different governing body structures that exist”.
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NEWS
Grassroots sports clubs bracing themselves for Budget announcement
POSTED 07 Mar 2017 . BY Matthew Campelli
Taking effect from 1 April 2017, the tax refund scheme will allow organisations fitting the criteria to claim a rebate
Several grassroots sports clubs may have to close down if the chancellor doesn’t extend business rate relief during tomorrow’s Budget announcement (8 March), according to the Sport and Recreation Alliance.

The industry body has called on Philip Hammond to announce an extension of the rate relief scheme enjoyed by some organisations to sport clubs, or a form of “transitional assistance” guarding grassroots clubs from rising business rates.

While rateable values are usually reviewed every five years, the last instance occurred in 2010 as the government decided to delay the 2015 revaluation.

As a result increases are due to come into effect in April 2017 and will be “much sharper” according to the Alliance.

“Not all sports clubs are currently eligible for rate relief and a wide range of clubs, such as riding schools, will be impacted,” said Alliance parliamentary and policy officer Charlotte Adams.

“The worst case scenario is that some clubs may end up being forced to close unless the government provides further assistance.”

Hammond may also reveal more details about the corporation tax relief scheme for grassroots sport originally ushered in by George Osborne, his predecessor.

The Alliance has requested that the reforms should enable governing bodies to claim relief for grassroots expenditure spread over several years, and that reforms should “apply to a wide variety of different governing body structures that exist”.
RELATED STORIES
ukactive eyes salary sacrifice for high street gyms despite government crackdown on scheme


ukactive remains confident that it can encourage the government to extend its tax relief scheme on employee benefits to include gym memberships, despite an apparent crackdown by chancellor Philip Hammond.
Grassroots sport to benefit from simplified tax deduction scheme


National governing bodies (NGBs) will be able to donate directly to grassroots sport schemes without paying corporation tax following an intervention by the Treasury.
FEATURE: News Feature: Tax Incentive


Analysis of the government’s corporation tax consultation
Government seeks private sector investment in grassroots sport with corporation tax cut


The government hopes to encourage private sector investment in grassroots sport by exploring the possibility of reducing or scrapping corporation tax, thus weaning clubs and organisations off public sector support.
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KX Chelsea invests £15 million to upgrade its wellness offering
Premium London health club, KX Chelsea, will imminently unveil its most significant redevelopment since its launch in 2002 to create an integrated wellness model combining training, recovery and relaxation.
Researchers identify a drug which reduces muscle loss when using GLP-1 medications
Researchers in the US have identified an antibody which could greatly reduce the loss of lean muscle mass in people who are taking weight-loss medications.
Peloton signals potential move into reformer Pilates with Skop acquisition
Peloton has made the strategic acquisition of the Pilates start-up, Skōp, to support the expansion of its strength ecosystem.
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