|
|
Article: Sports clubs accuse Brown over tax vow
- Article from:
- The Sunday Telegraph London
- Article date:
- January 27, 2002
- Author:
-
|
Copyright informationCopyright 2002 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
|
SPORTS CLUBS across Britain have accused Gordon Brown, the
Chancellor, of reneging on a pledge to reduce their tax burden by
thousands of pounds a year.
Mr Brown announced the measure to much fanfare in last year's
budget. The Government proposed that sports clubs would be exempted
from tax on savings, bequests and gifts and given 80 per cent
business rate relief.
The clubs now say, however, that they will not be able to qualify
for the tax breaks unless they select players for "enthusiasm" as
much as ability.
New Treasury guidelines say that clubs with a "restricted"
membership, such as those which select by ability, will not qualify.
The guidelines will also mean that sports clubs whose ...