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The personal income tax and National Insurance liabilities of a cricket coach are increasing and consideration is being given to incorporation of the business. Will this adversely affect the VAT position?
I am a cricket coach and I don’t like visiting my accountant so I usually try to get my annual visit out of the way in January.
This year I got a bit of a shock when he told me how much tax I would have to pay by the end of the month and that more would be due by the end of July.
I wish I had gone to see my dentist because it would have been less painful. The other problem is that my accountant thinks I may have to register for VAT.
He says that I am definitely supplying private tuition independently of an employer but he is not sure whether HMRC will accept that cricket is a subject ordinarily taught in a school.
My accountant’s concern seems to be that a sport that is only played in a relaxed manner when the weather...
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