Ulster County Crests

Financial Information

**Last updated on Wednesday 29th July 2020**

Financial Information

In light of the recent shutdown as a result of Covid-19 we have compiled a list of financial measures that may be of use to clubs from a financial viewpoint.

This page will be monitored and updated as the current shutdown proceeds.

  • Player Injury Fund
    The Player Injury Fund has now resumed but will not accept any claims which originated during the close period.
  • Insurance
    Public Liability Insurance is operational for all clubs however dressing rooms and indoor club facilities are to remain closed.
  • Club Rates

    6 Counties

      • No rates charge for April, May & June 2020
      • 25% reduction in total bill for 2020/21

    26 Counties

    • Commercial Rates deferred for March, April & May 2020
    • This does not mean rates have been waived and those that can afford to pay should continue to do so.
  • VAT registered Clubs

    6 Counties

    • VAT payments postponed up to June 2020
    • All refunds/repayments shall be paid as normal by HMRC
    • Making Tax Digital compliance period extended until VAT return periods starting on/after 1 April 2021.
    • For more info: click here

    26 Counties

    • Revenue commissioners shall apply no interest or late payment charges for VAT for the Jan/Feb period
    • All VAT returns must continue to be submitted as normal and late payment shall not alter the club’s tax clearance status
    • All current Revenue debt enforcement has been suspended until further notice.
  • Club Employees

    6 Counties

    • Clubs that have placed staff on Furlough prior to the 30/06/2020 can continue to claim up to 80% of wages capped at £2,500 until the end of August.
    • Employers must pay Employers NICs and Pension Contributions from 01/08/2020 onward.
    • From September government will only fund 70% of wages up to £2,187.50 with the employer making up the additional 10% with furloughed employee still receiving 80%.
    • From October government will fund 60% of wages up to £1,875 with the employer making up the additional 20% in line with the above.
    • Note that Clubs will qualify for the Job Retention Bonus of £1,000 for each furloughed employee who is still employed as of the 31st January 2021.

      For more information see here: Click here

    26 Counties

    • The wage subsidy scheme shall end on the 31 August 2020. It shall be replaced by the Employment Wage Support Scheme.
    • Clubs who can show that their turnover has fallen by 30% due to the pandemic can apply for for a flat rate subsidy of €203 per week per employee from 1 September 2020 onward.
    • From more information see here: Click here
  • County Financial Help

    A factsheet for county boards can be viewed here:County Financial Help

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