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Is sponsorship tax deductible

Is sponorship for a rally car that is advertising on the car tax deductible

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Is advertising on a rally car tax deductible - its sponsorship for the driver

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By MJShone
14th Feb 2020 11:32

Is it wholly and exclusively for the purposes of the trade or is there some personal element eg the business owner likes rallying (or even rallies!)?

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By Wanderer
14th Feb 2020 11:38

Amazing how often the driver is a director / business owner or in some way related to a director / business owner when these questions are asked.

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Lone Wolf
By Lone_Wolf
14th Feb 2020 11:40

Yes, off course it is. It's ridiculous to suggest otherwise.

That is the answer you were after Mr Anonymous, isn't it?

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By Ranse
14th Feb 2020 11:43

The Crown and Cushion Hotel (Chipping Norton) Limited v HMRC [2016] UKFTT TC05492

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By Jdopus
14th Feb 2020 13:09

I'm not sure why everyone's being so snarky about this. The answer is that it is potentially claimable, provided you can demonstrate a business case for it

Take a look at the ruling in the Crown and Cushion Hotel case here:
https://www.pumptax.com/wp-content/uploads/2016/11/Decision-TC.2014.0519...

I would also advise looking at similar cases around race horse ownership and sponsorship

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Replying to Jdopus:
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By Wanderer
14th Feb 2020 13:14

Quote:

I'm not sure why everyone's being so snarky about this.

Real world experience?
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Replying to Jdopus:
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By The Dullard
14th Feb 2020 13:29

Quote:

I'm not sure why everyone's being so snarky about this

It's probably down to the plethora of facts on which it is apparent that the case law you refer to is irrelevant.

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Replying to The Dullard:
RLI
By lionofludesch
14th Feb 2020 17:44

Quote:

Quote:

I'm not sure why everyone's being so snarky about this

It's probably down to the plethora of facts on which it is apparent that the case law you refer to is irrelevant.

Exactly. FFS, don't tell us too much, will you ?

There's no way you can tell from the information in the OP.

Could be yes, could be no.

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Replying to Jdopus:
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By Accountant A
14th Feb 2020 14:13

Quote:

I'm not sure why everyone's being so snarky about this.

Well (a) he is a 'punter' and not a finance professional and (b) he is misusing the anonymous facility, which is ironic as he appears to be courting publicity.

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By jcace
14th Feb 2020 13:23

Have a look at BIM42565 - it gives a very helpful analysis

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