Related Commentary  Related HMRC Manuals

History

The heading substituted for the heading “Registered industrial and provident societies” by Co-operative and Community Benefit Societies Act 2014, s. 151 and Sch. 4, para. 157, with effect from 1 August 2014 (subject to the provisions of Sch. 5 and 6).


47(1)  This section applies for the purposes of sections 45 and 45B if the company carrying on the trade is a registered society.

47(2)  The following amounts may be brought into account in calculating the profits of the trade–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.