188体育

The changes

As a CASC you won鈥檛 pay tax on:

• trading profits if your turnover is less than 拢50,000 a year (拢30,000 before 1 April 2015)
• income of up to 拢30,000 a year from renting out property (拢20,000 before 1 April 2015)

Income condition

There鈥檚 no longer a limit on the amount of trading income you can earn from members. The new income condition means that CASCs can鈥檛 earn more than 拢100,000 a year from:

• trading with non-members
• property income

Payments to players

CASCs can pay players as long as they don鈥檛 pay more than 拢10,000 in total to all their players in a single year.

Membership costs

There are new limits on fees and costs associated with membership:

• Fees can鈥檛 be more than 拢31 a week (拢1,612 a year)
• If your club鈥檚 membership fees and sporting activity costs are more than 拢10 a week you must provide help, for example a discount to reduce those costs to 拢10 a week for people who can鈥檛 pay more.

Expenses

Clubs can pay expenses for some matches and tours where players take part in and promote the club鈥檚 sport.

Participation

At least 50% of a club鈥檚 members must participate in sport at the club.

What you need to do

HM Revenue and Customs (HMRC) has published detailed guidance explaining how the new rules work. It鈥檚 important that you read this to check whether your club meets the rules.

If you meet the new rules

You don鈥檛 have to do anything.

If you don鈥檛 meet the new rules

You have until 1 April 2016 to make changes to your club to meet them.

Your sport鈥檚 may be able to help you.

If you can鈥檛 meet the new rules

If you can鈥檛 make changes to meet the rules, you can ask HMRC to take your CASC off the register.

As long as you met the rules before they changed on 1 April you won鈥檛:

• be removed from the register until 1 April 2016
• have to pay any charges