Quanta is regarded by the taxman as a "self trading company", that is to say it trades solely for theAre Quanta actually allowed to sell to non-members in that case? Assuming sales to non-members are allowed, tax would presumably have to be paid. And you'd have to keep records.
benefit of its members, and thus it is not liable for tax on its earnings from sales to them.
It wouldn't matter. A solution such as the one I propose would have someone else making the actual sale :-)
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Quanta is registered as a 'Friendly Society' and as such is exempt from VAT and Corporation Tax provided all trade is internal.
Should Quanta be found to be trading with the general public then corporation tax becomes due on ALL profit.
That is why no charges are made for entry to workshops. Keeping tax records is already done and an Inland Revenue return is made every year.
If the Jan Jones book were sold through a third party, then the third party would have to hold the agreement, not Quanta.
The current agreement is with Quanta for books printed and sold by Quanta.
You could say, that the agreement was made with Quanta on the understanding that Quanta sold to it's members, avoiding that, whichever way you choose, would in my understanding be inadmissible.
I am sorry if I am a wet blanket but I have felt for a long time that there is a serious lack in the perception of what Quanta is and what Quanta is not.
Dilwyn made the point that Quanta membership was based on a subscription to the magazine.
Nothing could be further from the truth. The subscription is for membership to Quanta, period.
Having paid, YOU are Quanta. This does confer certain rights, such as a magazine and attendance at AGM's
It also involves accepting some responsibilities, and this is where the members tend to be lacking.
If members fail to support Quanta it starts to fall, then it is blamed, but who should you blame? Quanta is YOU. It is not just a committee.
If you feel the committee is at fault, then that too is your fault, it is your committee.
This may sound unpalatable, but it needed saying. The secretary has asked for nominations for the three officers and up to six other committee members.
Is anybody doing anything?
John Taylor _______________________________________________ QL-Users Mailing List http://www.q-v-d.demon.co.uk/smsqe.htm
