see all jobs
Extension of CASC to help grassroots sports clubs
An extension to the Community Amateur Sports Club (CASC) relief could bring financial assistance to more than 40,000 grassroots sport clubs in the UK.
The new additions to CASC announced this week include an increase in the amount that can be earned tax free from club bars, cafes and venue hire - and clubs who generate income this way will be able to donate more of their profits back into the sports club tax free.
Clubs will be able to generate up to £50,000 from trading (increased from £30,000) and £30,000 from rental income (increased from £20,000) from non-members before paying corporation tax.
To encourage local - and larger - donations to clubs, corporations and local businesses who donate to sports clubs will be able to offset their donation against their corporation tax bill.
Alex Horne, general secretary of the Football Association, said: "It's great to see the scheme reinvigorated in a way that provides more flexibility for amateur clubs and will allow more clubs to register to become a CASC."
More News
- News by sector (all)
- All news
- Fitness
- Personal trainer
- Sport
- Spa
- Swimming
- Hospitality
- Entertainment & Gaming
- Commercial Leisure
- Property
- Architecture
- Design
- Tourism
- Travel
- Attractions
- Theme & Water Parks
- Arts & Culture
- Heritage & Museums
- Parks & Countryside
- Sales & Marketing
- Public Sector
- Training
- People
- Executive
- Apprenticeships
- Suppliers