Corporation Tax Act 2010 section 665A

Claims in relation to interest, gift aid and company gift income

Section 665A sets out how community amateur sports clubs (CASCs) can claim repayments of income tax on gift aid donations and interest income, and gives HMRC the power to regulate how those claims are made.

• CASCs can claim repayment of income tax treated as paid on gift aid donations, claim exemption for interest, gift aid and company gift income, or claim repayment of income tax deducted at source from exempt interest income
• Claims can be made either as a "free-standing claim" submitted directly to HMRC or as a "tax return claim" included in the club's company tax return
• HMRC has the power to make regulations limiting the number of free-standing claims a club can make in a tax year and setting a minimum claim amount below which a free-standing claim cannot be used
• Any regulations HMRC makes under this section may vary according to different circumstances or purposes