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Sponsored Jerseys and tax claim

223vmax · 2019-05-23 15:01:18

A local business has kindly offered to buy/sponsor a set of jerseys. What do they need from our club in order to claim the tax back - VAT or income tax no? How does the claim back system work in this instance? Thanks.

23-05-2019 3:01pm

#1

223vmax

Registered Users, Registered Users 2 Posts: 475 ✭✭

Join Date: March 2012

Posts: 374

A local business has kindly offered to buy/sponsor a set of jerseys. What do they need from our club in order to claim the tax back - VAT or income tax no? How does the claim back system work in this instance? Thanks.

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Comments

#2 24-05-2019 4:40pm

rd1izb7lvpuksx

Closed Accounts Posts: 260 ✭✭

Join Date: August 2013

Posts: 249

Is the club issuing the sponsoring business an invoice? I'm almost certain that sports club sponsorship would be zero-rated, so they wouldn't be able to reclaim VAT (even if the club is VAT registered).

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#3 24-05-2019 4:44pm

Duffryman

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Join Date: April 2009

Posts: 501

Can't set sports club sponsorship against tax. But you CAN set advertising costs against it. More than one business has used this knowledge to their advantage in the past, after paying for jerseys with their logo on it. That's all I'm saying.....

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