Following consultation, the Government has implemented significant changes to the CASC scheme with amendments and clarification.
Here are the key changes as outlined by Sport England:
- Clubs will be able to charge annual membership and participation fees of up to £520 a year. If a club charges over £520, provisions should be made for people on lower incomes in order to be considered open to the community.
- Clubs will be able to financially support players subject to a limit of £10,000 a year per club.
- Clubs will be able to pay reasonable travel and subsistence expenses to players where they are participating in away games and club tours.
- There will no limit on the amount of income clubs may generate from members but there will be a limit of £100,000 they can generate from trading with non-members.
- Government will extend, for the first time corporate Gift Aid to CASCs; a new source of revenue support for these clubs.
- The threshold for the exemption from tax for trading income will be increased from £30,000 to £50,000 and for rental income will be increased from £20,000 to £30,000.