Annex 1: Minor Changes in the Law Change 2: Trading income: omission of references to a company carrying on a profession or a vocation: section 35 (and other sections) Unincorporated associations Unincorporated associations and professions
The Blackpool case shows that if individuals come together to carry on a profession and are entitled to share the profit as it arises the arrangement will be a partnership liable to income tax rather than an unincorporated association liable to corporation tax.
HMRC are not aware of any instance of an unincorporated association being assessed to corporation tax as carrying on a profession.