Overview Part 1: Income and Corporation Taxes Act 1988 Section 467
3170.Section 467(1) provides tax exemptions for trade unions and employers’ associations. It contains a reference to income tax which is redundant and which has therefore been removed.
3171.Before the introduction of corporation tax in 1965, trade unions and employers associations were within the scope of the charge to income tax and were provided with an exemption from income tax. Since 1965 they have been within the scope of the charge to corporation tax.