Written Question · S2W-28269 · Session 2
At what level of income a parent forum or parent council becomes liable to pay corporation tax.
The question
To ask the Scottish Executive at what level of income a parent forum or parent council becomes liable to pay corporation tax.
The answer
Corporation tax is liable tobe paid on profits from trading activities, or from investment income or capitalgains.
It is not anticipated that ParentCouncils will, in normal circumstances, require to pay tax since fundraising activitiessuch as school fetes, dances, coffee mornings etc. are generally not consideredto be trading activities.
HM Revenue and Customs will publishupdated advice later this year for clubs and voluntary associations on the issueof corporation tax.
It is not anticipated that ParentCouncils will, in normal circumstances, require to pay tax since fundraising activitiessuch as school fetes, dances, coffee mornings etc. are generally not consideredto be trading activities.
HM Revenue and Customs will publishupdated advice later this year for clubs and voluntary associations on the issueof corporation tax.
In the Official Report
No contribution in the Official Report cites S2W-28269 by reference.