Updated community amateur sports club list
HMRC have published a list of registered community amateur sports clubs (CASC’s) updated as at 5 May 2011. The list includes the name and address details of 5,975 registered CASC’s. The full list can be accessed from HMRC’s website atwww.hmrc.gov.uk/casc/clubs.pdf
The CASC scheme was first introduced in April 2002 and allows for many amateur sports clubs to register with HMRC thereby benefiting from a range of tax reliefs, including gift aid.
The main conditions necessary for an amateur club to be classified as a CASC are as follows:
- The club must be open to the whole community.
- The club must be organised on an amateur basis.
- The club must have as its main purpose providing facilities for, and promoting participation in one or more eligible sports.
- The club must meet the necessary location requirements.
- The club must meet the necessary management conditions.
Sports clubs that are registered as CASC’s can claim the following tax reliefs:
- Exemption from corporation tax on profits from trading where the turnover of the trade is less than £30,000.
- Exemption from corporation tax on income from property where the gross income is less than £20,000.
- Exemption from corporation tax on interest received.
- Exemption from corporation tax on chargeable gains.