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 were delighted to facilitate a Parliamentary launch for a new research report ‘The Social Value of Group Exercise’, commissioned by EMD UK, the national governing body for group exercise.
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The National Sector Partners Group* (NSPG) has issued the following statement in response to the Chancellor’s Spring Statement.
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On 25 March, CEO of the Sport and Recreation Alliance Lisa Wainwright MBE gave evidence to the Department for Culture, Media and Sport Select Committee’s Game On Inquiry in Parliament.
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