VAT reduction on sporting events

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10/05/2011, 4:25 PM
Charlie Darwin

VAT reduction on sporting events

A rare spot of good financial news for LOI clubs (and the FAI I guess).

In today's jobs initiative, the government have announced they'll reduce the rate of VAT on admission to sporting events from 13.5% to 9%. I don't have the full details as I joined the stream late, but that seems to be the basic principle.

It won't affect matchday ticket prices (more likely it would allow clubs to offer better season ticket discounts), but it will at least improve the clubs' margins by around 4%. There are also reductions in tourism and travel VAT which could potentially help attract more away fans to European games here.
10/05/2011, 4:45 PM
Longfordian

VAT isn't payable on gate receipts here is it?
10/05/2011, 4:48 PM
horton

It won't affect the Brandywell.

ba dum tish:p
10/05/2011, 4:55 PM
Charlie Darwin

Quote:

Originally Posted by Longfordian

VAT isn't payable on gate receipts here is it?

It seems you're right, actually. I'm surprised by that. Disregard this thread then!
11/05/2011, 3:14 PM
Candystripe

20% of Derry's goes to your woman who's about to visit Croke pk.
11/05/2011, 5:32 PM
Mr_Parker

Quote:

Originally Posted by Candystripe

20% of Derry's goes to your woman who's about to visit Croke pk.

Sometimes. :)
11/05/2011, 6:16 PM
A N Mouse

Quote:

Originally Posted by Mr_Parker

Sometimes. :)

I'm pretty sure it's her first visit
11/05/2011, 11:05 PM
corkharps

Quote:

Originally Posted by Charlie Darwin

A rare spot of good financial news for LOI clubs (and the FAI I guess).

In today's jobs initiative, the government have announced they'll reduce the rate of VAT on admission to sporting events from 13.5% to 9%. I don't have the full details as I joined the stream late, but that seems to be the basic principle.

It won't affect matchday ticket prices (more likely it would allow clubs to offer better season ticket discounts), but it will at least improve the clubs' margins by around 4%. There are also reductions in tourism and travel VAT which could potentially help attract more away fans to European games here.

Where's this Europe you speak off?:waiting: