Community Amateur Sports Club registrations rise to 5,337 in June 2009
The number of Community Amateur Sport Clubs (CASCs) registered with the Inland Revenue for tax and rates relief increased to 5,078 in November 2008.
Nick Jacobs, Senior Manager at Deloitte, comments: “The Government has made a real effort to stimulate grass roots sport in the last 4 years, recognising the many benefits of increasing participation in sport, particularly its contribution to improved community well being. For the last year the focus has been on working with the clubs through sports governing bodies and local authorities to increase awareness of the reliefs available and ensure these measures make a difference to the future of sport in the UK.
“If only half of all eligible clubs registered and received donations of £4,000 each a year, this, together with rates relief, could generate in total over £150 million per annum for the clubs. In order to take advantage of the rate relief, clubs must register as a CASC with the Inland Revenue. The registration process is straightforward and can be completed within a matter of weeks.”
The most valuable benefits to clubs that register as a CASC are:
The sooner a club registers, the sooner the reliefs will be available.
Totteridge Cricket Club is a good example of a club benefiting from registering as a CASC now saving £3,710 a year as a result.
“Clubs that have registered as CASCs have already received a total of £41.2m in cash benefits, and more clubs should consider registration now”, said Nick Jacobs.
If you would like to know more, please consult the CASC pages of the HMRC website.
Community Amateur Sports Clubs registrations by sport – month ended 30 June 2009.
|8||Sailing, yachting & cruising||272|
|10||Rowing & Sculling||111|
Registered CASCs serving the top ten sports include 4,528 out of the 5,337 registered clubs.
Source: Deloitte analysis.
The Inland Revenue’s tax concessions for Community Amateur Sports Clubs were introduced in April 2002. The major benefits are:
Alternatively, clubs registering as charities:
As with the Inland Revenue scheme, individuals can also claim gift-aid and inheritance tax relief in respect of contributions/gifts to a club registered as a charity.
Richard Baldwin of Deloitte is chairman of the CASC Development Forum established in 1999 by the Department of Culture, Media & Sport to secure tax concessions for Community Amateur Sports Clubs. Other members of the Group are Bates, Wells & Braithwaite, the Central Council of Physical Recreation, the National Playing Fields Association and Sport England.