LAM17210 - Exemption for unregistered friendly societies: FA12/S171
A friendly society which is neither a registered friendly society nor an incorporated friendly society is not liable to pay corporation tax (whether on income or chargeable gains) on its profits if its income does not exceed £160 a year 바카라 사이트“ FA12/S171(1) .
The exemption applies only if the society makes a claim 바카라 사이트“ FA12/S171(2).