FOR local sports clubs every penny and pound counts. More than 8,000 clubs across the UK are getting a much-needed financial boost after registering as a Community Amateur Sports Club (CASC) with HMRC. In doing so, they are able to claim a variety of tax reliefs including business rates and gift aid.

Tax reliefs for grassroots clubs means they can become financially sustainable, keep membership fees affordable and re-invest in their facilities so they can focus on delivering the best sports and social opportunities for local people.

With thousands of clubs already registered and receiving financial support through tax reliefs, Sandeep Ghelani, Senior Policy Advisor from HM Revenue and Customs outlines the benefits of the scheme and encourages other clubs to register today.

To be eligible for tax relief as a CASC, clubs must be based in the UK, provide facilities for eligible sports and encourage people to take part. The club must also be set up with a governing document, open to the whole community with limited fees, organised on an amateur basis and to be managed by ‘fit and proper’ people. More about eligibility can be found on GOV.UK.

After registering with HMRC, clubs will be eligible for a number of financial reliefs on income, gains and profit including:

You can find out more about the tax reliefs claimed through the CASC scheme on GOV.UK.