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Sponsored Jerseys and tax claim

  • 23-05-2019 4:01pm
    #1
    223vmax
    Registered Users, Registered Users 2 Posts: 475 ✭✭


    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.


Comments

  • #2
    rd1izb7lvpuksx
    Closed Accounts Posts: 260 ✭✭rd1izb7lvpuksx


    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).


  • #3
    Duffryman
    Banned (with Prison Access) Posts: 547 ✭✭✭Duffryman


    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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