Understanding and Accessing the Benefits of “Community Amateur Sports Club” (CASC) Status

Overview

According to leading sports business advisers an estimated £60 million per year is lost by sports clubs not registered as CASCs. A number of Golf Clubs who have achieved CASC status are reporting savings of between £20,000 and £30,000 (thousand) per annum. All Clubs that with extensive land, buildings and therefore rates need to consider applying for CASC status without delay.

Sports clubs play a valuable role in their communities. The CASC scheme recognises this important role by distinguishing between clubs and businesses for rates and tax purposes, ensuring money is kept in sports clubs.

Both property and non-property owning clubs can significantly benefit from the scheme. The key benefits of casc registration include:

80% mandatory business rate relief. Local authorities can offer up to 100% relief to clubs at their discretion.
The ability to raise funds from individuals under Gift Aid. A registered CASC can reclaim up to £28 in tax for every £100 donated. (Some Exceptions Apply)
CASCs are exempt from Corporation Tax on profits derived from trading activities if their trading income is under £30,000 pa.
Profits derived from property income are also exempt for CASCs if gross property income is under £20,000 pa.
CASCs whose income does not exceed these thresholds will no longer be required to complete an annual Corporation Tax return.

For Whom

This workshop is for Directors and Senior Operational Managers within Sports and Community Organisations looking for ways to reduce their Tax Burden.

Content

Entering the CASC scheme is a decision that should not be taken lightly. For some clubs, joining the scheme may not be the best option. However, many clubs will benefit from the financial advantages the scheme brings. This workshop is designed to provide delegates with the information they need to decide if CASC status is right for them and if so how to apply. This workshop explores thes rules and which clubs benefit most from having CASC status.

Understanding the rules
Evaluatiing the Implications
Applying for CASC status
Understanding and completing the documentation

Booking an Event

We would be pleased to work with representatives of sports clubs, organisations to run this event locally to them. Whilst it is possible to run this workshop internally for small groups of people, typicaly costs start at £890 + £50/person + VAT a beter better value route is for a club or organisation to host an event and invite representaives from local organisations to participate at a commercial rate. Indeed this option can often offset the cost of the training to the host organisation and even turn the event into income generating activity.

For more information please contact Ian Hirst via our contacts page