Finance (No. 2) Act 2023

345 Definition of “community amateur sports club” restricted to UK clubs

(1) In section 661A of CTA 2010 (community amateur sports clubs: the location condition)—

(a) in subsection (1)—

(i) in paragraph (a), omit “or a relevant territory”;

(ii) in paragraph (b), omit “or are all located in a single relevant territory”;

(b) omit subsection (2).

(2) In relation to a club that has asserted its status as a CASC, the amendments made by this section have effect in relation to accounting periods beginning on or after 1 April 2024.

(3) In relation to a club that has not asserted its status as a CASC, the amendments made by this section have effect in relation to accounting periods beginning on or after 15 March 2023.

(4) If a club has an accounting period (“the straddling accounting period”) that begins before a commencement date and ends on or after that date—

(a) the part of the straddling accounting period that falls before that date, and

(b) the part of the straddling accounting period that falls on or after that date,

are to be treated for relevant purposes as separate accounting periods.

(5) In subsection (4)—

• “commencement date” means the date mentioned in subsection (2) or (3);

• “relevant purposes” means the purposes of determining the club’s liability to any charge to tax, or eligibility for any tax relief, that is affected by the club’s status as a CASC.

(6) For the purposes of this section a club has “asserted its status as a CASC” if, immediately before 15 March 2023—

(a) it is registered as a community amateur sports club under section 658 of CTA 2010, or

(b) it is not so registered but is entitled to be so in accordance with that section and has made an application for registration under subsection (2) of that section.