CTM09500 - Relief for expenditure on grassroots sport: CTA10/PART6A: Introduction and overview

CTA10/PART6A introduced by F(2)A17/S22 extends the circumstances in which contributions to grassroots sports can be deducted from the taxable profits of CT payers. Companies will be able to make deductions for all contributions to grassroots sports through qualifying sport bodies, and deductions of up to £2,500 (as set in F(2)A17) in total annually for direct contributions to grassroots sports. Recognised sport governing bodies and their 100% subsidiaries will be able to make CT deductions for all their contributions to grassroots sports.

The legislation applies to eligible payments made on or after 1 April 2017.

The legislation applies to all CT payers making contributions to grassroots sports.