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RUGBY FOOTBALL UNION. CASCS ROSS BAXTER RFU REGIONAL FUNDING & FACILITY MANAGER. BACKGROUND. NOVEMBER 2001 ANNOUNCEMENT THAT CHARITY COMMISSION WOULD RECOGNISE AS CHARITABLE ‘THE PROMOTION OF COMMUNITY PARTICIPATION IN HEALTHY RECREATION BY PROVIDING FACILITIES FOR PLAYING PARTICULAR SPORTS’.

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rugby football union
RUGBY FOOTBALL UNION

CASCS

ROSS BAXTER

RFU REGIONAL FUNDING & FACILITY MANAGER

background
BACKGROUND
  • NOVEMBER 2001 ANNOUNCEMENT THAT CHARITY COMMISSION WOULD RECOGNISE AS CHARITABLE ‘THE PROMOTION OF COMMUNITY PARTICIPATION IN HEALTHY RECREATION BY PROVIDING FACILITIES FOR PLAYING PARTICULAR SPORTS’.
  • FINANCE ACT 2002 ESTABLISHED ‘CASCS’ WITH RANGE OF TAX RELIEFS.
  • RFU ISSUED DETAILED GUIDELINES NOVEMBER 2002.
  • SEPTEMBER 2003 GOVERNMENT ANNOUNCED THAT REGISTERED CASCS WILL BE ELIGIBLE FOR MRR.
  • 270 CLUBS REGISTERED AS A CASC
legislation etc
LEGISLATION, ETC
  • SCHEDULE 18 OF FINANCE ACT 2002 INTRODUCED CASCS.
  • REGISTRATION IS ‘DE FACTO’ PROCESS WITH INLAND REVENUE.
  • REGISTRATION IS EXTREMELY STRAIGHTFORWARD - CASC 3 AND CASC 4 FORMS.
criteria
CRITERIA
  • OPEN MEMBERSHIP
      • CLUB MUST BE OPEN TO WHOLE COMMUNITY WITHOUT DISCRIMINATION
      • FEES MUST BE AFFORDABLE.
  • CLUB MUST BE AMATEUR
      • CAN’T DISTRIBUTE ASSETS/SURPLUSES
      • CAN ONLY PROVIDE ‘ORDINARY BENEFITS’ OF MEMBERSHIP
      • CONSTITUTION MUST REQUIRE ASSETS ON DISSOLUTION BE APPLIED FOR SIMILAR PURPOSES
  • PURPOSE OF CLUB TO PROVIDE FACILITIES FOR RUGBY.
tax benefits corporation tax
TAX BENEFITS – CORPORATION TAX
  • EXEMPTION ON TRADING INCOME WHERE INCOME IS LESS THAN £30K PA
  • EXEMPTION ON INCOME FROM PROPERTY WHERE INCOME IS LESS THAN £20K PA
  • EXEMPTION ON INTEREST RECEIVABLE AND GIFT-AID INCOME
  • EXEMPTION ON CHARGEABLE CAPITAL GAINS
tax benefits donations
TAX BENEFITS – DONATIONS
  • INDIVIDUALS CAN MAKE CASH DONATION TO CASCS UNDER GIFT AID -28P RETURN IN £
  • INDIVIDUALS CAN GET RELIEF FROM INHERITANCE TAX ON GIFTS
  • COMPANIES CAN GET RELIEF ON GIFTS OF GOODS AND EQUIPMENT
  • INDIVIDUALS AND COMPANIES CAN AVOID TAXABLE CAPITAL GAIN ON GIFTS OF CHARGEABLE ASSETS
tax benefits opportunities
TAX BENEFITS – OPPORTUNITIES
  • AVOIDANCE OF CGT LIABILITY ON SALE OF LAND
  • INDIVIDUAL DONATIONS
    • 67% INCREASE FOR HIGHER RATE TAX PAYER
  • FUND RAISING EVENTS
    • SUBSCRIPTIONS
    • SPONSORED EVENTS
    • FUND-RAISING EVENTS
    • AUCTIONS
  • LEGACIES
tax benefits mandatory rate relief
TAX BENEFITS – MANDATORY RATE RELIEF
  • INTRODUCED IN 2003 LOCAL GOVERNMENT ACT
  • REGISTERED CASCS QUALIFY FOR 80% MRR
  • EFFECTIVE 1 APRIL 2004
issues
ISSUES
  • CLUB CONSTITUTION / MODEL RULES
  • DEREGISTRATION PROVISIONS CAN TRIGGER GCT LIABILITY
where next
Where Next?
  • http://www.cascinfo.co.uk/
  • Further Information and case studies
  • Relevant application forms
  • Steps to achieving CASC status
rugby football union1
RUGBY FOOTBALL UNION

ROSS BAXTERREGIONAL FUNDING & FACILITY MANAGER

ROSSBAXTER@RFU.COM

07764960405