§ Mr. GardinerTo ask the Chancellor of the Exchequer (1) what estimate he has made of the financial benefit to amateur sports of setting the thresholds at which community clubs are exempt from corporation tax at £50,000; [149951]
(2) what estimate he has made of the financial benefit to amateur sports of mandatory rate relief at 80 per cent. for registered community amateur sports clubs. [149950]
§ John HealeyThe doubling of the corporation tax exemption thresholds for community amateur sports clubs will remove the requirement to complete an annual tax return for eligible clubs enabling them to concentrate on the development of their clubs. The financial benefit to amateur sport clubs will depend on the financial circumstances of each club.
The financial benefits of mandatory rates relief for registered community amateur sports clubs will depend upon the size and structure of each club and whether it previously received discretionary rates relief from its local authority.