PPRuNe Forums - View Single Post - BA Strike - Your Thoughts & Questions III
Old 7th Nov 2010, 00:16
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just an observer
 
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Unions are mutual traders, ie, they only have income from their own members, which they spend for those members benefit. There is no profit element involved, hence no tax is due and there is no requirement to submit accounts to the Revenue.

However, this does not mean that no accounts are prepared at all, a statement of income and what it is spent on can/should be prepared and supplied to members.
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