A trade association may make application to adopt an arrangement with HMRC, under which:
In practice, the arrangement normally extends to all
subscriptions etc by traders towards the ordinary funds of the
association, whether or not the subscribers are members of the
Any surplus is assessed to CT.
Arrangements are not made with associations which are not trade associations (for example, ratepayers' associations).
For further details on the HMRC arrangement see BIM24800 onwards.
The names of all associations with which arrangements have been made are available from CT&VAT (Technical).