Gift Aid Changes for CASC Clubs
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Cricket clubs which are charities or Community Amateur Sports Clubs ( CASCs) can claim tax rebates under Gift Aid on individual donations.
Currently for every £100.00 given by a basic rate taxpayer £25.00 can be reclaimed with HM Revenue & Customs paying a supplement of £3.20 making a total of a £28.20 cash refund.
From 6th April 2011 this supplement will end for individual donations received after that date.
Every extra £1 from fund raising recovered from Government in this difficult economic climate is valuable to a club.
Clubs should try to get all of their donations in by 6th April - why not sign up to JustGiving’s online giving facility for sports clubs?
Like Ashley Cricket Club your club could reap significant cash rewards from doing so!
In any event chase those donations now if you qualify!