[Talk-GB] OSM UK Tax: OSM leaving the UK?

[Edward Bainton]

Perhaps this is exactly what you're saying, David, but my understanding is:

UK tax for non-profits (broadly conceived) is not form-dependent:
- Charities get special rules (whether trusts, associations, companies, or
CIOs)
- Everyone else gets corporation tax (whether associations, CICs, vanilla
companies or co-ops)

OSMF would not easily (read probably not at all) be a UK charity (and so
not likely an Irish charity, either).

I see OSMF's accountants, Chater Allen, claim to be non-profit specialists
- so hopefully they're getting this right. But I agree it's hard to see how
OSMF is doing that volume of "trading".

On Tue, 6 Jul 2021 at 13:22, David Woolley <forums at david-woolley.me.uk>
wrote:

> On 06/07/2021 12:52, Frederik Ramm wrote:
> > Yes, this isn't clear to many people but if you are a limited company
> > then it doesn't matter much*why*  someone gives you money, it's all the
> > same for the taxman.
>
> The original reference I found to non-trading profits was specifically
> about CICs, and the HMRC BIM page is agnostic as to incorporated or
> unincorporated.  (Although OSM UK isn't a charity, larger charities are
> limited companies, unless they are royal charter ones.)
>
> As noted, already, the BIM pages seems to leave more questions than it
> answers, referring the HMRC first line worker to second line services
> for the answer.
>
>
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