Sponsoring a football team - allowable expense? Sponsoring a football team - allowable expense? - Page 2
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  1. #11

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    I also sponsor the shirts for our junior rugby teams and have done so a number of years. Put it through the books and don't worry about it.
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  2. #12

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    Quote Originally Posted by MrLoveBucket View Post
    I've sponsored the local rugby club where my kids play in the juniors, as well as sponsoring barrels of beer at beer festivals in aid of both the rugby club and a different charity.
    I've had different advice on how to account for this from different accountants at the same firm.
    The first one wasn't keen on putting it through as advertising budget as he felt having my Ltd Co name on marketing material / rugby shirts etc wouldn't really generate any new business (I was inclined to agree), so I put that particular transaction through as charitable sponsorship (no CT relief in this case)
    Recently the beer barrels have been put through as advertising budget as per advice from my new accountant, which does qualify for CT relief.
    Obviously in both cases I'm avoiding paying income/dividend tax on the amounts donated.
    I can't vouch for the legitimacy of either approach from an HMRC perspective, but I have emails from my accountants telling me how to do this.
    Thanks, charitable sponsorship might be the way to go.

    It’s only the local under 9s team so it’s not exactly going to be megabucks. Doubt I’d get much out of the advertising but would be nice to help them if I can.

    Has given me a few things to think about, cheers.

  3. #13

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    Quote Originally Posted by northernladuk View Post
    I also sponsor the shirts for our junior rugby teams and have done so a number of years. Put it through the books and don't worry about it.
    Thanks. Do you just put it through as advertising?

  4. #14

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    Quote Originally Posted by Nut View Post
    Thanks. Do you just put it through as advertising?
    I can't remember to be honest. I thought there was option that mentioned sponsorship in FA. But yeah advertising will do.
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