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IMPORTANT FOR CASC CLUBS
On 1 April 2015 the qualifying conditions for Sports Clubs to be a Community Amateur Sports Club (CASC) changed.
HM Revenue & Customs (HMRC) wrote to all Cricket Clubs that are registered as a CASC in June 2015 asking them to check and confirm that they meet the new qualifying conditions. HMRC has not received a reply from your Club.
The main changes are as follows;
· To remain a CASC at least 50% of your members must be participating members.
· CASCs can now make some small payments to players as long as the total amount paid to all players is no
more than £10,000 a year (including the value of non-cash benefits for playing).
· CASCs can now make limited travel and subsistence payments to members in certain situations.
· There is now a £100,000 a year income limit on trading with non-members. To remain a CASC you must not earn
more than £100,000 a year from trading and property income combined.
There has also been an increase to the turnover limits before you have to pay Corporation Tax on profits made from trading with non-members (£50,000) and income property owned by your club (£30,000).
It is important that all CASC Cricket Clubs confirm to HMRC that they meet the new qualifying conditions so that they keep their CASC status after 1 April 2016.
HMRC need you to complete the self-assessment checklist as soon as possible and return it to;
HMRC - CASC Project team
PO Box 205 - S0708
HMRC has published detailed guidance notes for CASCs that will help you correctly answer the questions on the CASC self-assessment checklist.
Please act on this advice
Cornwall Cricket Development Manager