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RUGBY FOOTBALL UNION

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

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  1. RUGBY FOOTBALL UNION CASCS ROSS BAXTER RFU REGIONAL FUNDING & FACILITY MANAGER

  2. 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

  3. 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.

  4. 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.

  5. 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

  6. 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

  7. 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

  8. TAX BENEFITS – MANDATORY RATE RELIEF • INTRODUCED IN 2003 LOCAL GOVERNMENT ACT • REGISTERED CASCS QUALIFY FOR 80% MRR • EFFECTIVE 1 APRIL 2004

  9. ISSUES • CLUB CONSTITUTION / MODEL RULES • DEREGISTRATION PROVISIONS CAN TRIGGER GCT LIABILITY

  10. Where Next? • http://www.cascinfo.co.uk/ • Further Information and case studies • Relevant application forms • Steps to achieving CASC status

  11. RUGBY FOOTBALL UNION ROSS BAXTERREGIONAL FUNDING & FACILITY MANAGER ROSSBAXTER@RFU.COM 07764960405

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