Posted on 10th July 2019
As Wimbledon heads towards its exciting conclusion, sports professionals shouldn’t lose their tax advantage.
At the time of writing, we don’t yet know which players will lift the coveted Wimbledon tennis trophies this weekend. With over £2 million in prize money on offer for singles winners, the victorious players will certainly not be worrying about paying the bills they’ve incurred while pursuing their dream!
However, as every sports professional will know, big-money success never comes overnight. Every champion will have dedicated years to perfecting their skills and, like any other professional job, they will often have to bear certain costs in the course of their work.
For sports, these expenses could include:
Travel expenses and subsistence when attending away games, competition venues, reserve games or training sessions away from your home ground;
Travel to home games when you’re on loan to other clubs;
Travel to medical appointments;
Costs of buying kit, specialised clothing and equipment;
Costs of laundering kit and clothing;
Professional memberships and subscriptions;
Expenses incurred by attending professional sporting events or taking part in publicity or advertising.
Whether you’re a rising star who's fighting their way through the ranks, or an established player with a stable career, you shouldn’t miss out on the tax relief to which you’re entitled for work-related expenses like these.
Whatever your sport, whatever your status – we can check whether you’re owed a tax refund and if so, take care of the entire process for you. Our specialist team will put together the claim and act as umpire with HMRC, all for a low fee of just 15% plus VAT.
So, you can relax and focus on achieving your sporting dreams, safe in the knowledge that JNR Accounting are cheering you all the way.