Under UK tax laws. Non profit organisations are taxed on any profit they make unless they are a registered charity. Quanta is a first class example. Quanta is a Friendly Society and can only trade internally ie. with it's members. Any profit it makes from investments like bank interest is taxed at 20%. Contributions however are not tax deductable. Charities are different. They must register as such, they have much tighter control and more legislation but they can claim back tax on members or none members contributions as both these are classed as donations.
In the past we have been challenged many times to charge admission fees at workshops when attended by a non-members. Also we can not sell to non members. Both these actions would attract profit and we would lose our status as a Friendly Society. Should that happen then Quanta would be liable for corporation tax on all their surplus income. Yes I know. There isn't any surplus! > > Not for profits (at least in Greece that I know of) do not incur tax > deductions while charities are. In the US both do however. > > Phoebus > >
