Financial News for Clubs

The Government has published the new rules
for the Community Amateur Sports Club (CASC) scheme. CASC status enables clubs
to access a number of charity type tax advantages without the obligations of
setting up as a charity. A core benefit is 80% reduction in business rate
relief with local authorities being able to offer a further discretionary 20%.

When consulted with, your main concern was over limits being proposed on
social income. I'm pleased to say that the Government has listened and there
will be no limit on how much social income clubs can generate from their
members, although income from non-members will be limited to £100,000.

A summary of the changes can be found here:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/260944/CASCs_Consultation_Response.pdf


 

 

 

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