01 Jan 2014
January 1, 2014

Funding for community sports projects

January 1, 2014 0 Comment

Funding  for community sports projects

 

 

 

Tax relief to help UK grassroots local sport clubs .The government is to give new tax breaks to small sports clubs in an effort to increase local participation. Income and cash from bar receipts and hire of facilities up to one hundred thousand pounds can be earned before having to pay any corporation tax. Donation changes The new changes to the Community Amateur Sports Club (CASC) scheme come after a consultation over the summer. Clubs will now also be able to deduct more travel and subsistence expenses for key players or trainers. And to attract money into clubs, companies will be able to deduct in-full donations to a club from their tax bill. It is hoped this will encourage larger donations from corporations and local businesses. To take advantage of these tax reliefs clubs must charge no more than £31 per week in membership fees as well as offering reduced rates for the less well off. The new scheme is being run in conjunction with the Football Association and other sports groups. So far some 6,000 clubs have benefited from the CASC scheme, saving over £100m in business rates exemption, and more than £12m in Gift Aid relief. However, there are no changes on the status of PAYE payments due for employees – such as bar staff – at small clubs, an issue where some sporting organisations had hoped to see an alteration to the rules

 

 

 

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The creator of Mini Soccer for children. Company Chairman of ITSA Goal posts Ltd the first goal post manufacturer of uPVC plastic goal posts in carry bags. Children's football with smaller sides, allowing more touches of the football with proportional goalposts and pitches. A Product Designer and Innovator who has been driving industry standards in goal post safety for over twenty five years. A Founder member of the European EN 748 goalpost safety committee.