The CASC Scheme was introduced in April 2002. It allows local amateur sports clubs to register with HMRC and benefit from a range of tax reliefs, including Gift Aid.
As of 1st April 2015, a number of changes will be made to the CASC scheme. There will also be an increase in the tax exemptions for property and trading income.
You can find a summary of changes here.
Detailed guidance notes can also be found via the HMRC website.
It’s important that you read this to check whether your club meets the rules:
- For clubs that are already registered as a CASC and who comply with the new rules, there is no action that needs to be taken;
- For clubs that are already registered as a CASC and that don't yet comply with the rules, the deadline set to become compliant is 1st April 2016;
- For clubs that are not registered as a CASC or Charity, clarification of these new rules will allow you to now make an informed decision as to which scheme best fits with your club.
If clubs have not yet done so, please register for the information session being held at the House of Sport by HMRC and Charity Commission NI:
Date: Tuesday 28th April 2015
Time: 6.30-8.30pm (tea and coffee will be available from 6.00pm)
Venue: House of Sport, Upper Malone Road, Belfast
This session will provide clarity on the new Charities legislation and further information on CASC v Charity.
To register, email gilliangilliland@sportni.net.