Community Amateur Sports Clubs & Trading Companies |
Trading Company - Advisory Service for Existing CASCs
Clubs with non-member Trading Turnover in excess of £100k are not eligible to remain as a CASC.
Clubs that cross the threshold are liable to be de-registered from the scheme and face potentially heavy tax penalties.
Many clubs opt to place some (or all) of their trading tunover withing a subsidiary company & Gift the profits back to the club.
ACASC is happy to work with clubs and their accountants in the creation of a suitable Trading Company.
This is generally not an off-the-shelf exercise. It requires specialist knowledge with the result carefully tailored to the club's individual requirements.
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Trading Company Advisory Service - New CASC Applicants
Clubs that wish to apply for CASC Registration and who have a non-member Trading Turnover in excess of £100k are not eligible to become a CASC.
However, should the club place all (or some) of its non-member Trading Income into a subsidiary, it may become eligible for CASC Status.
ACASC is happy to work with clubs and their accountants in the creation of a suitable Trading Company.
This is generally not an off-the-shelf exercise. It requires specialist knowledge with the result carefully tailored to the club's individual requirements.
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