[Talk-GB] OSM leaving the UK?

[Jez Nicholson]

Yep. What Simon said.

OSMUK is registered as a UK Community Interest Company (CIC) which is
between a charity (that has to evidence 'charitable works' and follows
additional rules but pays less tax) and a company (that is answerable to
its shareholders). Being a CIC, we are a Limited company and pay tax on the
difference between money in (annual subs, grants, donations, etc.) and
money out, but are prevented from distributing money to shareholders as
dividends.

I believe that Rob was suggesting that, rather than being a charity.

- Jez

On Tue, 6 Jul 2021, 10:35 Simon Poole, <simon at poole.ch> wrote:

> Non profits do not make no profits, they simply (as a rule of the thumb)
> don't have making a profit as a primary goal and don't distribute them
> to owners and the like. Regulation varies strongly according to
> jurisdiction, so it is difficult to say more.
>
> Charities tend to be even more regulated (note that often charity and
> non-profit ae used interchangeably even though they are not the same
> thing in most countries), but even these typically can have at least a
> small surplus.
>
> Simon
>
> Am 05.07.2021 um 21:47 schrieb David Woolley:
> > On 05/07/2021 20:06, Edward Bainton wrote:
> >> Corporation tax is a small price to pay for near total freedom
> >
> > Why is there any to pay?  It is a tax on profits and you shouldn't be
> > making any.
> >
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