Save money for your club
If your club is looking at new ways to save money or fund developments or facilities improvements then the government's CASC scheme could help you.
The Community Amateur Sports Club scheme recognises the valuable role clubs play in their community by distinguishing between clubs and businesses for rates and tax purposes, ensuring money is kept in sports clubs.
Both property and non-property owning clubs can significantly benefit from the scheme. The key benefits of casc registration include:
- 80 per cent mandatory business rate relief. Local authorities can offer up to 100 per cent relief to clubs at their discretion
- The ability to raise funds from individuals under Gift Aid. A registered CASC can reclaim up to £28 in tax for every £100 donated, though at the moment this does not apply to all types of donations
- CASCs are exempt from Corporation Tax on profits derived from trading activities if their trading income is under £30,000 pa
- Profits derived from property income are also exempt for CASCs if gross property income is under £20,000 pa, of particular relevance following the abolition of the nil rate band
- CASCs whose income does not exceed these thresholds will no longer be required to complete an annual Corporation Tax return
You can download this information leaflet below:
And see the CASC website for details of how to apply for the scheme.