HMRC is now consulting on proposals to amend the qualifying conditions for community amateur sports clubs (CASCs) to ‘make the rules clearer for clubs and HMRC to apply’.
HMRC is now consulting on proposals to amend the qualifying conditions for community amateur sports clubs (CASCs) to ‘make the rules clearer for clubs and HMRC to apply’. This follows provisions published in the Finance Bill on 28 March, which amend the qualifying conditions and allow clearer, more detailed, rules to be specified in secondary legislation following a public consultation. The CASC scheme provides a number of charity-type tax reliefs to support local amateur sports clubs. The focus of the consultation is on the qualifying conditions of being open to the whole community, organised on an amateur basis, members, income of the club and dealing with income in excess of that condition. The consultation will run until 12 August 2013.
HMRC is now consulting on proposals to amend the qualifying conditions for community amateur sports clubs (CASCs) to ‘make the rules clearer for clubs and HMRC to apply’.
HMRC is now consulting on proposals to amend the qualifying conditions for community amateur sports clubs (CASCs) to ‘make the rules clearer for clubs and HMRC to apply’. This follows provisions published in the Finance Bill on 28 March, which amend the qualifying conditions and allow clearer, more detailed, rules to be specified in secondary legislation following a public consultation. The CASC scheme provides a number of charity-type tax reliefs to support local amateur sports clubs. The focus of the consultation is on the qualifying conditions of being open to the whole community, organised on an amateur basis, members, income of the club and dealing with income in excess of that condition. The consultation will run until 12 August 2013.
