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UK tax considerations for E-sports earnings

Menzies

Menzies LLP - A leading chartered accountancy firm. Call our free confidential hotline – 07813003194 Alternatively, contact our team of experts below using the contact form [contact-form-7] The post UK tax considerations for E-sports earnings was written by Menzies Demi Fossitt and appeared first on Menzies LLP.

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Albert Goodman celebrate being the best UK accountancy firm to work for in the latest Best Companies list

Accounting Insight

Regional chartered accountancy firm Albert Goodman has featured in the Best Companies 2022 list as the best accountancy firm to work for in the UK which was revealed during the Best Companies live event on Friday 20 May by TV and sports presenter, Dan Walker.

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Autumn Budget: Hospitality & Leisure Wishlist

Menzies

Menzies LLP - A leading chartered accountancy firm. Conclusion: Undoubtedly, the UK hospitality and leisure sector remains a vital contributor to both the economy and society, playing an integral role in supporting various other industries, including retail, entertainment, culture, and sport.

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VAT Claim available for local authorities

Menzies

Menzies LLP - A leading chartered accountancy firm. Local authorities are specifically excluded by VAT legislation from the exemption from VAT for sporting services and therefore they had to charge VAT on admission fees. To date, admission to a Local Authority provided leisure centre has been subject to VAT at 20%.

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Aggregation of marginal gains – It’s all about the percentage improvements

Menzies

Menzies LLP - A leading chartered accountancy firm. This approach has been widely written about in the world of sport, but did you know that it can also applied to the world of business. Let’s look at a few sporting examples of the impact of the 1% rule. So, this sounds great in theory, but what about in practise?

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When is a fundraising event a VAT exempt fundraising event?

Menzies

Menzies LLP - A leading chartered accountancy firm. The conditions to apply the VAT exemption on admission to fundraising events were considered in detail in the Yorkshire Agricultural Society case.

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What’s your no-show strategy?

Menzies

Menzies LLP - A leading chartered accountancy firm. Some extremes are to charge the full price on booking, equivalent to buying a ticket to a concert or a sports event, although in this scenario flexibility should be given to allow for rescheduling if notified with sufficient prior notice.