Sponsorship/ Advertising

Sponsorship/ Advertising

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A sole trader has rung to ask if he is allowed to add his company details to a motorbike he races and claim the cost as advertising/sponsorship.

He has been told by other sole traders in a similar position (and the man who owns the bike shop) that the rules regarding advertising/sponsorship changed in June 2014 and this is now allowed.

My understanding is that any costs to add his company details to a team strip or car/motorbike belonging to someone else would be allowable but I am unsure given that he owns the motorbike himself.

I can not find a definitive answer on the HMRC website.

Any help much appreciated.

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By The Limey
05th Mar 2015 14:09

Understanding that there is no company might be a good place to start.

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