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Taxation: Sports

Volume 493: debated on Tuesday 2 June 2009

To ask the Chancellor of the Exchequer (1) what assessment he has made of the merits of uprating the trading and rental income thresholds for corporation tax exemption for clubs registered as community amateur sports clubs in line with inflation; (277686)

(2) what the trading and rental income thresholds for corporation tax exemption are for community amateur sports clubs; and what they would be if they had been uprated in line with inflation in each year since 2004.

Income exemption thresholds for corporation tax for community amateur sports clubs (CASCs) are, along with all other income thresholds for tax, kept under review.

CASCs are exempt from corporation tax on any trading income up to £30,000 and on income from property up to £20,000. Prior to April 2004, the limits were £15,000 and £10,000 respectively.

The following tables show what the thresholds would have been had they been increased in line with inflation.

Exemption for trading profits

Threshold (£)

RPI (Percentage)

Inflation linked threshold (£)

2004-05

30,000

2005-06

30,000

2.63

30,789

2006-07

30,000

3.74

31,941

2007-08

30,000

4.12

33,256

2008-09

30,000

2.97

34,244

Exemption for rental income

Threshold (£)

RPI (Percentage)

Inflation linked threshold (£)

2004-05

20,000

2005-06

20,000

2.63

20,526

2006-07

20,000

3.74

21,294

2007-08

20,000

4.12

22,171

2008-09

20,000

2.97

22,829