BIM24250 - Meaning of trade: mutual trading and members clubs: members' clubs: incorporated as limited company
Introduction and layout of guidance
As explained in BIM24240, provided that a company is simply a means of enabling the members to conduct a social club, incorporation does not in itself make a membersâ€� club liable to tax on trade profits. »Ê¹ÚÌåÓýapp guidance which follows set out the tests which are to be applied in dealing with a club incorporated as a company.
»Ê¹ÚÌåÓýapp following guidance explains what is required for an entity, operating through the vehicle of a body corporate, to be accepted as a membersâ€� club. »Ê¹ÚÌåÓýapp guidance covers:
| BIM24255 | Clubs incorporated as limited companies - not paying dividends |
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| BIM24260 | Clubs incorporated as limited companies - paying dividends |