VATREG12100 | Entity to be registered: clubs and associations: questionnaire to establish independence of sections, branches and so on: finances

Is the subsidiary entity obliged to pay any profits or surpluses to the parent organisation? (Note: This is not of itself conclusive that the subsidiary entity is financially tied to, or dependent upon, its parent organisation)

Does the subsidiary entity make all its purchases in its own name?

Does the subsidiary entity have its own bank account?

If so, who are the signatories to the account?

Are the signatories members of the committee?

Does the subsidiary entity pay for its own utilities (gas, water, electricity, BT and uniform business rates)? If it doesn’t, who does pay for them?

What would happen to any funds or assets held by the subsidiary entity if it were to be dissolved?

Does the subsidiary entity require the approval of the parent organisation before it can incur expenditure?