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) Corporate bodies and professions Corporate bodies and professions - conclusions
There are three conclusions:
	the nature of a profession and some comments in the case law suggest that corporate bodies cannot carry on a profession for corporation tax purposes – when they provide professional services they are trading;
	consistent with that, the 1965 corporation tax code made no explicit provision for professions; and
	references in the current legislation arise for a mixture of reasons, are inconsistent and therefore shed no great light on the issue.
So there are strong grounds for concluding that for the purposes of the charge to corporation tax under Schedule D Case II there are no activities that should be taken to constitute the carrying on of a profession by a corporate body.