As indicated in ¶806-800, one of the most obvious case of mutual business is that conducted by a members club (Carlisle and Silloth Golf Club v Smith (1913) 6 TC 198). Guidance on the HMRC view of the correct tax treatment, firstly of trading receipts of a members’ club and, secondly on members' sports clubs in general, has been given (Tax Bulletin, August 1994, p. 156 and Tax Bulletin, December 1997, p. 488 respectively). These two pieces of guidance are reproduced in part and in full below:

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