Commentary

D7.636 Co-operative associations

Corporate tax
Corporate tax | Commentary

D7.636 Co-operative associations

Corporate tax | Commentary

D7.636 Co-operative associations

A co-operative association is defined1 as a body of persons having a written constitution from which the appropriate Minister2 is satisfied that the body is in substance a co-operative association, having regard to all its relevant provisions and in particular to the provision as to the manner in which the income of the body is distributed for its members' benefit. Second and third-tier associations of agricultural co-operatives are treated as if the members of the basic level co-operative associations were themselves members of those higher level associations3.

Any co-operative association resident in the UK and established to assist

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial