Commentary

B5.647 Marketing boards—treatment of reserves

Business tax
Business tax | Commentary

B5.647 Marketing boards—treatment of reserves

Business tax | Commentary

Marketing boards

B5.647 Marketing boards—treatment of reserves

Where, by the authority and approval of a Minister of the Crown or government department, a body established for the purpose of marketing or stabilising the price of an agricultural product is required to pay the whole or part of any trading surplus or other trade receipts into a reserve fund then such payments are allowable deductions in computing for tax purposes the profits or losses of the trade1. Amounts withdrawn by the body from the fund, so far as not payable to a Minister of the Crown or government department or

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