Commentary

D7.625 Introduction

Corporate tax
Corporate tax | Commentary

D7.625 Introduction

Corporate tax | Commentary

Registered societies

D7.625 Introduction

Registered societies are granted special treatment1. Registered societies are defined as2:

  1.  

    (a)     Societies registered or deemed to be registered under the Co-operative and Community Benefit Societies Act 20143 or under the Industrial and Provident Societies Act (Northern Ireland) 1969; or

  2.  

    (b)     A European Co-operative Society (abbreviated to an SCE) formed in accordance with Council Regulation (EC) No 1435/2003 on the Statute for a European Co-operative Society. No new SCEs can be formed in the UK after IP completion day (ie 11pm on 31 December 2020)4

A company with a trading loss brought forward may set off

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