The Alliance has played the leading role in persuading HMRC and Ministers to secure a favourable outcome that will benefit community sport.
The Government is making significant changes to the Community Amateur Sports Club (CASC) scheme to allow more sports clubs to take advantage of tax reliefs.
The new CASC rules are vitally good new for sports clubs, and represent a considerable improvement on the original consultation proposals put forward by the Government in the spring.
Tim Lamb, Chief Executive of the Alliance said:
“Tax relief might not be the most interesting of subjects but it will make a significant difference to sports clubs – in some cases a make or break difference – and we're delighted to have secured them. It as an important contribution to the achievement of the Olympic legacy.
“Sports clubs make our society happier, healthier and wealthier – they’re the glue in our local communities and they rely largely on enthusiastic and dedicated volunteers."
Some of the main points covered by the new rules include:
The new regulations are subject to approval by Parliament and should be laid before the House early in the New Year. Prior to this, there will also be a short technical consultation on the precise details of the regulations, and the Alliance and other sports bodies will be invited to contribute to this process.
New guidance for clubs will be published as soon as possible after the regulations are approved by Parliament.
Significantly, existing CASCs will be given 12 months from the passing of the regulations to make any necessary adjustments in order to remain in the scheme.
A deregistration amnesty during this period means that if a club no longer qualifies, it will be able to leave without having to pay the deregistration penalty.
For press inquiries contact Libby Jellie on 07834 726 224.
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