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Business rates

By harrowred (RedHarrow)16/3/2020 06:59Mon Mar 16 06:59:33 2020

Views: 630

I see this morning that they will stop charging business rates for retail and leisure for the time being. Will this help Boro or do we not fall under leisure?

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Re: Business rates

By Terry16/3/2020 12:12Mon Mar 16 12:12:14 2020In response to Business ratesTop of thread

Views: 602

Hello Red Harrow Yes We are Part of The Leisure/Entertainment Business if you Like So I Would Expect us To Fall Into that Sector.
Another Thing that Could Be Done In regard This Business of Charging Vat To Non League Clubs lm Not Sure if This is done on Ticket Sales/ Bar Takings etc.
I Would Like to See All Non League Clubs Exempt From Vat.
Ive Mentioned I Think To Fixtures Direct Stuart on Here in The Past He Obviously Has More Knowledge about This Being a Board Member.

Edited by Terry at 12:18:02 on 16th March 2020

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Re: Business rates

By Middx Wanderer16/3/2020 20:36Mon Mar 16 20:36:41 2020In response to Re: Business ratesTop of thread

Views: 576

A change in the way business rates were implemented a few years ago caused some serious financial problems for the club, so any suspension will be welcome.

There will will not be a separate rate of VAT, but there could be a general reduction as happened in the last recession, But obviously if income is vastly reduced any reduction will have little affect.
15% of nothing is the same 20% of nothing

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Re: Business rates

By Terry16/3/2020 21:00Mon Mar 16 21:00:17 2020In response to Re: Business ratesTop of thread

Views: 554

Thanks For That Reply Alan Middlesex Wanderer l Remember Simon Grigor Writing about this in the Programme some years ago now
As l undestand 15% of Every Part of The Admission Money at The Gate is Paid as Vat.

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Re: Business rates

By Middx Wanderer16/3/2020 21:02Mon Mar 16 21:02:17 2020In response to Re: Business ratesTop of thread

Views: 591

Standard rate VAT is 20%

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Re: Business rates

By Terry16/3/2020 21:04Mon Mar 16 21:04:25 2020In response to Re: Business ratesTop of thread

Views: 678

20% Right does that come out of every ticket Sold.
So the club only gets £9.60 of The £12 Admission.

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