Earlier this year the Government announced that it would amend the qualifying conditions for community Amateur Sports Clubs (CASCs) to make the rules clearer for them to apply, following a period of public consultation.
Since 2002, over 6,300 clubs have registered with HMRC for the CASC scheme. They have claimed over £12m in Gift Aid and around £100m has been saved by clubs in respect of business rates.
Sajid Javid, Economic Secretary to the Treasury, said: “We want to encourage more people to get involved in sport in their community, including through local sports clubs. There are generous tax reliefs available to community sports clubs already. We are clarifying the rules on these and proposing some changes to ensure that clubs can benefit fully from the Government’s support.
The period of consultation has now ended and formal legislation will follow. Current guidance is available from HMRC at http://www.hmrc.gov.uk/charities/casc/register.htm
Proposed changes available to download - CASC Consultation