HMRC (IR no longer exist), you may download the forms here.Who issues club's with CASC status, IR? Is it a case of completing an application form, submitting a constitution and await approval from the issuer?
Rutty
HMRC (IR no longer exist), you may download the forms here.Who issues club's with CASC status, IR? Is it a case of completing an application form, submitting a constitution and await approval from the issuer?
Rutty
HMRC as of april 2011 allows you to claim £0.45 for the first 10,000 business miles and £0.25 there after tax free.
So you can pay this out or it can be "claimed" back without tax implications.
Iain
BSA Goldstar union jack serial no 770001, BSA Goldstar black pepper.177, AA Ultimate Sporter .177,
I just wish i could find a wood or land to open a hft club in the northeast
Just remember to take the "scenic" route, as I just found out, you don't have to use the "shortest" route, so make it a long back road country lane version... savvy?
Spotted this thread and 'interested' but found the elderly link to further info and the application form now long dead - in part caused by the move of pretty much all HMRC and other government web info to the GOV.UK site.
Both the CASC and new web links can be found here:
CASC
Gov.uk web guidance notes and application form (link in section 2) is HERE
Biggles
Rapid MkII .22, AA400C .177, AA MPR .177, AA Prosport .177, AA TX200, AA FTP900, HW75 .177, HW45 Silver Star .22, and my dear ol' Webley Ranger .177 (circa 1966) Mile Oak - WEB SITE Air Arms HFT Team member
Hi,
New member-so here goes with a first post. Fingers crossed!
My club has looked at CASC several times and thought the big snag was that it was (don't know if it still is) a one way ticket. Once joined there was no getting out, and it's always possible (likely,perhaps?) for a government to change the rules to be less advantageous. On cost, our main benefit would have been rate relief, but as we presently get a 100% relief there didn't seem to be any point in CASC for us.
Hi. CASC is a one way ticket - if you change your mind you can't back out. Fine while the concessions remain but potentially a problem if/when a government changes the rules.
When the CASC thing first came out our yacht club looked into it & it was proposed to go down that route.
It was defeated at an agm on the following argument.
Becoming a Casc suits Clubs that dont own their own land or property. If the club leases land from a local Council its worth doing.
If the club owns its own land freehold you are effectively giving your land away to the IR for ever.
There is nothing to stop a club from voting to not be a Casc anymore but nobody has ever done it & if a club did do it you would probably have to pay back what you might have been seen to gain, possibly a lot of money.
In our case the club owns 80 acres of land & has substantial assets built up over nearly a century, it was felt becoming a casc was a step too far.
One of the primary reasons clubs become Casc's is for funding, but as long as you have a proper dissolution clase in the constitution funding is available anyway.
The dissolution clause is far more important as it stops asset stripping, this actually happened to a club near here, they leased their land & clubhouse & after 40 years were given notice to quit. Because some far sighted members had realised this might happen in the future they had started a reserve fund to acquire new premises & this had grown to quite a big pot. Unfortunately the rules incorporated a mechanism where the longer you had been a member the bigger percentage of the pot went your way.
The officers & committee were offered another base but a group of older long time members pulled an egm to fold the club instead. So everyone got a pay out but a longstanding club died.
We put a dissolution clause to stop such a future scenario in a few years back & it sailed through, since then funding has been applied for from several places for different projects & gained.