Community amateur sports club list
Community Amateur Sports Clubs (CASCs) have received confirmation that they can appoint tax advisers to deal with their tax affairs. This can be done by completing form 64-8 and returning it to HMRC’s Charities office by email or post.
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 CASCs 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.