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 vocations Corporate bodies and vocations – conclusions
There are two conclusions:
	corporate bodies cannot carry on a vocation; and
	although the 1965 corporation tax code makes explicit provision for vocations this is the result of an excess of caution for reasons that are no longer relevant.