Reclaiming Sponsorship expenses

[damianhucker1]

I vaguely remember from coaching youth football that when sponsoring a team the business doing so could reclaim certain monies from the tax man .

Could anyone elaborate further ?

Basically if a Sponsor was to pay for a New pro's equipment (Shorts , Gloves etc ) in exchange for their logo on the shorts and a mention in any publicity , what can they claim back ?

Im trying to persuade someone to do this so could do with being sure of the facts before i really push it

[damianhucker1]

Ok ...

So if im understanding right then it must come out of profits of the business rather than being just spent and then including that as part of the outgoings before profits .

And have to be seen as purely for business reasons , ie got to show that theres an obvious gain to be made by doing this .

Still cant seem to see what exactly then can claim back , although if i remember rightly its just the VAT of said sponsorship that can be claimed back .

[lefty]

Ok ...

So if im understanding right then it must come out of profits of the business rather than being just spent and then including that as part of the outgoings before profits .

And have to be seen as purely for business reasons , ie got to show that theres an obvious gain to be made by doing this .

Still cant seem to see what exactly then can claim back , although if i remember rightly its just the VAT of said sponsorship that can be claimed back .

Sponsorship is a gamble that you take in the hope of it leading to more business. It's not something that you do and you'll get a definiete return for.

[damianhucker1]

Ok ...

So if im understanding right then it must come out of profits of the business rather than being just spent and then including that as part of the outgoings before profits .

And have to be seen as purely for business reasons , ie got to show that theres an obvious gain to be made by doing this .

Still cant seem to see what exactly then can claim back , although if i remember rightly its just the VAT of said sponsorship that can be claimed back .

Sponsorship is a gamble that you take in the hope of it leading to more business. It's not something that you do and you'll get a definiete return for.

Im hardly going to say that to a sponsor though mate

[lefty]

Ok ...

So if im understanding right then it must come out of profits of the business rather than being just spent and then including that as part of the outgoings before profits .

And have to be seen as purely for business reasons , ie got to show that theres an obvious gain to be made by doing this .

Still cant seem to see what exactly then can claim back , although if i remember rightly its just the VAT of said sponsorship that can be claimed back .

Sponsorship is a gamble that you take in the hope of it leading to more business. It's not something that you do and you'll get a definiete return for.

Im hardly going to say that to a sponsor though mate

Na I understand. Without meaning to sound rude though, they shouldnt be so naive to think there's a definiete return in it! That isnt how business works full stop.

[damianhucker1]

Columbo , No one is suggesting that anyone thinks that mate .

Im just looking for ways to sound more convincing in persuading someone to sponsor one of my boxers who is now turning pro , i have built him up from scratch and will still have limited involvement in him as a pro , so wherever i can help him out i will try to do so .

[lefty]

Columbo , No one is suggesting that anyone thinks that mate .

Im just looking for ways to sound more convincing in persuading someone to sponsor one of my boxers who is now turning pro , i have built him up from scratch and will still have limited involvement in him as a pro , so wherever i can help him out i will try to do so .

I wasnt saying you thought that mate but I dont know maybe your potential sponsor might.

[DMA1987]

Columbo , No one is suggesting that anyone thinks that mate .

Im just looking for ways to sound more convincing in persuading someone to sponsor one of my boxers who is now turning pro , i have built him up from scratch and will still have limited involvement in him as a pro , so wherever i can help him out i will try to do so .

Exposure. Do you have any other examples of where previous sponsorship has added value to a business?

Or sell him on the journey.

[lefty]

Columbo , No one is suggesting that anyone thinks that mate .

Im just looking for ways to sound more convincing in persuading someone to sponsor one of my boxers who is now turning pro , i have built him up from scratch and will still have limited involvement in him as a pro , so wherever i can help him out i will try to do so .

Exposure. Do you have any other examples of where previous sponsorship has added value to a business?

Or sell him on the journey.

Yeah getting to hang around with a pro boxer might entice people in itself.