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Sports members club and registration with HMRC

Sports members club and registration with HMRC

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Does a sports club that is non trading and wholly for its members that makes no profit (nor intend to) need to register with the HMRC, it solely collects money to pay for entry into competitions.

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By johnt27
29th Jan 2020 12:39

Yes, as they are subject to CT on any non-mutual profits, capital gains or interest income.

In all likelihood if you explain this to HMRC they'll chuck you in with the charity team and you won't hear from them again.

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RLI
By lionofludesch
29th Jan 2020 13:18

Whilst not disagreeing with johnt27, it doesn't seem as though there are any non-mutual profits, capital gains or interest income.

In which case, you don't need to register until you have some.

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By CW2012
29th Jan 2020 13:25

Thanks, there aren't any profits, it isn't an incorporated body, as such its not an organisation just a collection of members pooling "subscriptions" to enter team events.

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Replying to CW2012:
RLI
By lionofludesch
29th Jan 2020 13:29

CW2012 wrote:
..... it isn't an incorporated body .....

That in itself is not relevant. An unincorated body can be liable to Corporation Tax, as you're probably aware.

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