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 […]

Theatre tax relief

Theatre Tax Relief (TTR) came into effect on 1 September 2014. It means that theatre companies – and theatre charities that are constituted as companies – can claim a tax credit (i.e. an actual payment) from HMRC equal to 20% of eligible costs of theatre production. Claims can be made for the year ended 31 […]