§ Mrs. Ann Taylorasked the Chancellor of the Exchequer what fund raising activities carried out by a charitable organisation, registered by the Charity Commissioners for England and Wales, are treated by his Department as being subject to corporation tax.
§ Mr. Peter ReesSingle donations made to a registered charitable organisation are not subject to corporation tax nor are covenanted donations so far as they are applied to charitable purposes only. Its trading profits may be subject to corporation tax if either the trade is not exercised in the course of the actual carrying out of a primary purpose of the charity or the work in connection with the trade is not mainly carried out by beneficiaries of the charity.