CTM40535 - Particular bodies: industrial and provident societies: carrying on trade: Co-op subscriptions

Where a registered industrial and provident society is carrying on a taxable trade subscriptions to the general fund of the Co-operative Union Ltd are allowable. Subscriptions to the political fund (known as the 'Co-operative Party') are not allowable.

Note: subscriptions to the political fund, where made, are sometimes included with the general fund subscription in a society's accounts.