The Community Amateur Sports Clubs (CASC) Regulations 2014 were laid before Parliament yesterday. The Regulations follow a long period of consultation and discussion between HMRC, the Alliance and interested NGBs.
The Regulations reflect the policy conclusions reached by HMRC in the consultation back in November 2013. The main changes to the scheme are as follows:
• Clubs with a cost of participation over £520 per annum (i.e. £10 per week) must make provision for those on low incomes to participate fully in club activities
• Clubs will be subject to a maximum membership fee of £1612 per annum
• Clubs will be able to pay players up to a limit of £10,000 pa
• The thresholds for Corporation Tax exemption will rise to £50,000 (trading income) and £30,000 (property income)
• Clubs will be able to generate up to £100,000 turnover from trading and property income
• At least 50% of a club’s members must be participating members (i.e. not ‘social members’) and
• Extension of corporate Gift Aid to CASCs.
Assuming the regulations are approved they will come into force from 1st April 2015. Further detailed guidance will also be provided at the same time.
The Alliance will continue to work with NGBs and HMRC to develop the guidance and to support implementation of the new scheme.
The Sport and Recreation Alliance and the physical activity sector have published an open letter to the Government on the impact of Pathways to Work on disabled people and activity levels across the UK.
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Here, we seek to update you on some of the key workstreams we’re focused on, as well as provide an overview of the ways in which you, our members, can foster more inclusive, equitable, and diverse environments for your organisations, including advertising some of the training options we provide (at discount!) and job postings too.
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Here is an end-of-week wrap on some key workstreams we’re undertaking for you, our members, that we want to bring to your attention. It covers a number of important pieces of information for consideration or action.
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