Olympics could be hit by tax bill | Leisure Opportunities
Leaderboard
Job Search
see all jobs
Latest job opportunities
The Hurlingham Club
Competitive
Fulham, London, United Kingdom
Wiltshire Council
£8.70 - £9.21 per hour (+ 10% unsocial hours if applicable)
Devizes, United Kingdom
Active Tameside
£16,041 (OTE £25,641)
Tameside, Greater Manchester, United Kingdom
Y Club at The Castleford Hotel
£8.21 /hour
Manchester, United Kingdom
The Eye Brand
Competitive
Orlando, FL, United States

Olympics could be hit by tax bill

Job opportunities
Everybody Sport and Recreation
£23,166 - £26,080
location: Poynton, United Kingdom
The Access to Sports Project
£23-£27,000
location: Hackney, London, United Kingdom
more jobs

New controversy has erupted after it emerged that organisers of the 2012 Olympic Games are facing the possibility of an additional £250m tax bill.

Culture secretary Tessa Jowell said in the House of Commons that the budget for the construction programme outlined in the bid – an estimated £2.38bn – did not include VAT.

At this point, the Treasury has indicated that due to restrictions from the European Union, the bill may be handed on to the Olympic Delivery Authority (ODA).

Jowell responded angrily to claims from shadow sports minister, Hugh Robertson, that he had received "a personal assurance" that VAT would not be levied on the construction of Olympic venues.

Jowell replied: "This is quite disgraceful. I had a conversation with you in which, in complete frankness, I told you what the position was at the time."

She added that the bid had not included VAT, as the ODA had not been established at that point, and that a cross-Government group had signed off the position, with VAT not considered a major issue.

A Treasury spokesperson said: "We are in discussion with the Department of Culture, Media and Sport and the ODA about these issues and we are confident we can find a way forward."

Sign up for FREE ezines & magazines
New controversy has erupted after it emerged that organisers of the 2012 Olympic Games are facing the possibility of an additional £250m tax bill.
NULL,SAR,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,NULL,AAD,NULL,NULL,NULL,NULL,PRO,NULL,PUB
171006-Olympic-Park.jpg
employer of choice
John Treharne, CEO, The Gym Group
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery.