Is a CASC a legal entity?
Becoming incorporated makes the club a separate legal entity which means club members are not personally responsible for its debts. Clubs may also be eligible to adopt charitable status or Community Amateur Sports Club (CASC) status, regardless of their legal structure.
What is a CASC membership?
What is a CASC? The Community Amateur Sports Club (CASC) Scheme allows local amateur sports clubs to register with HM Revenue and Customs (HMRC). You could benefit from a range of tax reliefs, including Gift Aid.
Can a CASC be a CIC?
It is definitely possible for a CIC to also be a CASC and we have been through the process with a number of sports clubs now. As you are already registered as a CIC you will need to file a resolution to adopt new articles of association that also meet the CASC requirements, we are able to prepare these for you.
What is CASC status?
A CASC is an organisation which has been granted a special tax status by HMRC in recognition of the fact that that it meets certain criteria. Broadly speaking, CASCs are local or regional sports clubs that are non-profit making and open to the whole community.
Is a CASC an unincorporated association?
Introduction. 1.1 Many Community Amateur Sports Clubs ( CASCs ) are unincorporated associations. The new company is a separate entity for legal and tax purposes and must reapply for CASC status.
Can an unincorporated association employ staff?
An unincorporated association is not a recommended structure for charities that hold property, employ staff or enter into contracts.
What are the benefits of being a CASC?
The key benefits of being a CASC include:
- mandatory 80% relief from business rates.
- the ability to generate income through the gift aid scheme.
- exemptions from corporation tax.
How do I apply for CASC status?
Applying for CASC The club can either apply by using the CASC (A1) postal application form or by submitting an online application. Certain required documents must be submitted with an application. Please read the guidance on how to complete the form.
Do clubs need to register with HMRC?
A Yes, every club, small or large, should be registered with HMRC as a business for tax. If you are not registered at all, you can register your club by signing up to the Government Gateway. Once you are registered online with HMRC, you can then register the taxes that are applicable to your club.
How do I register with CASC?
To register as a CASC, your club must be set up with a formal constitution (for example its rules or memorandum and articles of association). The club’s written constitution must require the club to meet certain conditions, and the club must also be able to show that it actually meets these conditions in practice.
Is a CASC a limited company?
Most members clubs in the form of companies are limited by guarantee and the terms of membership are usually clearly defined in their constitutions. 3.4 There are others which may qualify for CASC status, for example Community Benefit Societies (formerly IPSs) and Community Interest Companies.
What is the legal difference between a club and an association?
An association of persons.It differs from a partnership in this, that the members of a club have no authority to bind each other further than they are authorized, either expressly or by implication, as each other’s agents in the particular transaction; whereas in trading associations, or common partnerships, one …