Sponsoring Football Club

KaelaH
KaelaH FMAAT, AAT Licensed Accountant Posts: 131 ? ? ?
I have a client that has decided to sponsor the football club that is in the small village where he lives / works etc. Basically, he has purchased the kit and had it printed up with his business name splashed across it
a) can he claim the VAT on the invoice?
b) is it an allowable cost for Corporation Tax?

Comments

  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 ? ? ?
    Yes and yes.
  • KaelaH
    KaelaH FMAAT, AAT Licensed Accountant Posts: 131 ? ? ?
    Thanks Monsoon

    Just out of interest, where would you list the cost? Donations, advertising or something else?
  • T.C.
    T.C. Registered, Tutor Posts: 1,448
    Advertising I would assume.
  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 ? ? ?
    Yup, advertising is fine.
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