BIM24550 | Meaning of trade: mutual trading and members clubs: distributions: introduction and layout of guidance: contents
From HM Revenue & Customs · Business Income Manual
It follows from first principles that distributions out of the surpluses from mutual trading to members by a continuing mutual concern (corporate or non-corporate) are trading receipts where the member who receives them does so because of the trade they carry on - see . In addition there are two statutory provisions:
There is guidance at .
,
There is detailed guidance at onwards.
The following guidance covers:
Contents6 entries
- BIM24555Meaning of trade: mutual trading and members clubs: distributions: the basic approach
- BIM24560Meaning of trade: mutual trading and members clubs: distributions: dividends from a co-operative etc society
- BIM24565Meaning of trade: mutual trading and members clubs: distributions: S1070 Corporation Tax Act 2010
- BIM24600Meaning of trade: mutual trading and members clubs: distributions: on winding-up
- BIM24605Meaning of trade: mutual trading and members clubs: distributions on winding-up: taxable on first principles or statute
- BIM24615Meaning of trade: mutual trading and members clubs: distributions on winding-up: statute: what is taxed?