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Archive | September, 2015

Community Amateur Sports Clubs (CASCs)

CASCs were invented in 2002 as a way of encouraging sports participation the benefits and reliefs are similar to those enjoyed by charities, but CASCs do not need to register with the Charity Commission, or prepare charity accounts. Benefits of being a CASC 1. Exemption from corporation tax on: trading profits if turnover is less […]

Employers NIC reliefs

There are various reductions¬†in Secondary (Employers) NIC which are¬†be particularly useful for small employers and those employing apprentices and young people. It is worth checking that you are taking advantage of these. From April 15: there is no Secondary NIC for employees under 21 From April 16: there is no Secondary NIC for apprentices under […]

Care and support employers: tax exemptions

Care and Support (C&S) employers are people who employ a carer (usually with local authority funding). The Low Income Tax Reform Group (LITRG) has succeeded in persuading the government to allow the following exemptions for C&S employers: 1. Exemption from the otherwise mandatory online filing. Paper filing can be done once a quarter. 2. From […]