Save money for your sports club
Is your club looking to save money? Are you looking for ways to fund new facilities or invest in exisiting ones? Would paying dramaticallly reduced business rates or claiming money back on Gift Aid donations given to your club help your club's finances?
The Government's Community Amatuer Sports Club (CASC) scheme allows you to do just this.
Since April 2002, more than 4,200 clubs have registered as CASCs, each saving an average of £4,000 and ensuring more money raised in sport stays in sport.
What are the key benefits?
- 80% mandatory business rate relief
- The ability to raise funds from donations under Gift Aid.
- Tax-free income from interest and capital gains (used for qualifying purposes)
- Exemption from corporation tax on trading income (up to £30k and income from property (up to £20k)
What should your club do to be eligible?
- Be community focused and open to all without discrimination
- Have a core purpose in the promotion of amateur sports recognised by the sports council
- Reinvest any income back into the club.
How to become a CASC
Becoming a CASC could not be more straightforward for most clubs. Just follow these three simple steps:
1. Read and discuss the guidence notes from HM Revenue & Customs (available at www.hmrc.gov.uk/cacsc)
2. Look at your clubs constitution. Is this an accurate reflection of the clubs policies and does it fulfill the criteria set out in the guidence notes? If not, you may need to make changes, the HMRC can suggest appropriate adjustments when you apply
3. If you are happy that CASC registrations is right for your club and that your constitution is appropriate, complete and submit the HMRC application form.
To find out more, take a look at
where all details and forms can be viewed and downloaded.