A new report from Supporters Direct has urged the government to consider giving a 'new tax status to community owned clubs'
The report was launched at an MP's briefing at Westminster this afternoon.
Hereford MP Jesse Norman addressed the briefing.
The report advocates that Community Owned Sports Clubs should qualify for gift aid, exemption from corporation tax and rate relief at a minimum of 80%.
Here's the SD press release:
Here's the SD press release:
Democratically owned sports clubs could bring a big net benefit if they
were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
Democratically owned sports clubs could bring a big net benefit if they were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.M2uJZTiR.dpu
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.M2uJZTiR.dpu
Incentivising & supporting community ownership in sport
Incentivising and supporting community ownership
in sport is a piece of research conducted by Substance which measured
the volunteering value and capital investment at 6 clubs - AFC Telford
United, Exeter City, Hunslet Hawks RFLC, FC United of Manchester, Lewes
FC and Merthyr Town FC.
It found that the gross annual average benefit per club through volunteering value is £126,630 and the gross annual average benefit through capital investment per club is £168, 383 – or £295,013 combined.
The research proposes that a new tax status should be created for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
It applied these benefits to the 6 clubs and found that on average they would save £25,664 per year, therefore there would be a net benefit of £269,349 comparing volunteering and investment alone.
It identifies 10 reasons to implement the COSC scheme
- See more at:
http://www.supporters-direct.org/homepage/research/research/incentivising-supporting-community-ownership-in-sport#sthash.RODZ88L0.dpufIt found that the gross annual average benefit per club through volunteering value is £126,630 and the gross annual average benefit through capital investment per club is £168, 383 – or £295,013 combined.
The research proposes that a new tax status should be created for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
It applied these benefits to the 6 clubs and found that on average they would save £25,664 per year, therefore there would be a net benefit of £269,349 comparing volunteering and investment alone.
It identifies 10 reasons to implement the COSC scheme
- It will increase financial sustainability and transparency in sport through community ownership
- It will improve governance in sport
- It will encourage wider community participation in ownership
- It will help deliver volunteer participation and value
- It will encourage community engagement in sports clubs
- It will encourage sports clubs to deliver local services and facilities
- It will help deliver increased inward investment in areas of deprivation
- It will develop new or protect existing community sports and non-sports facilities
- It will help level sport’s uneven financial playing field
- It will incentivise the expansion of community ownership by creating more wholly community owned clubs
- cost the tax payer £25k per year
- attract volunteering and investment valued at £294k per year
Democratically owned sports clubs could bring a big net benefit if they were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dpuf
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dpuf
Democratically owned sports clubs could bring a big net benefit if they were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dpuf
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dpuf
Democratically owned sports clubs could bring a big net benefit if they were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dpuf
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dpuf
Democratically owned sports clubs could bring a big net benefit if they were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dp
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.rZ6WBOuV.dp
Democratically owned sports clubs could bring a big net benefit if they were given tax breaks, a new report from Supporters Direct argues.
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.M2uJZTiR.dpuf
The proposal recommends creating a new tax status for democratically owned clubs that meet strict criteria, including reinvesting surpluses and protecting assets for community use. Clubs would benefit from Gift Aid on donations, receive 80% rate relief and have exemption from Corporation Tax.
If adopted it would be a landmark in the development of democratic ownership of sport in this country and make a step change that will help community owned clubs overcome many of the barriers they face.
The report will be launched at an MPs’ briefing in Westminster this afternoon, which will bring together MPs, leading sports bodies and sports clubs and will feature an address from Jesse Norman MP, the chair of the Culture, Media and Sport Select.
James Mathie from Supporters Direct said, “With the right model, sports clubs can be central hubs of delivering benefits in their community – and community ownership provides added value that other forms of ownership cannot. We believe it’s time to help clubs that embrace democratic ownership, binding community benefit functions, and protect sports assets.”
Adam Brown from Substance, an architect of the proposal and the research behind it said: “We have demonstrated the very significant value that supporter and community ownership can bring in terms of public benefit. The proposed tax changes would be cost effective and enable existing community owned clubs to be more sustainable, increasing the public good they deliver. We have shown that this applies beyond football into lots of other sports.”
The proposal will also be addressed by the Governments Expert Working Group on Football Ownership and Engagement which will be published in January 2016.
- See more at: http://www.supporters-direct.org/press-release/treasury-urged-to-give-tax-breaks-to-community-owned-sports-clubs#sthash.M2uJZTiR.dpuf