I have applied to the Inland Revenue for charitable status for a local sports club and have been turned down. I note however from their own guidelines that sports clubs should be able to register and am therefore puzzled as to the response. Does anyone know what specific wording is required in the application in order for it to be successful?
Thankyou
Anonymous
Replies (4)
Please login or register to join the discussion.
Non profit making?
The Inland Revenue may regard you as non-profit making. If your 'customers' are all, or nearly all members of the club, then this is known as mutual trading. Any profit you make in this situation would not be taxable. Income from external sources such as bank interest would remain taxable. Is this what you were thinking about?