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Chapter BIM24705

Document Cited in Related
Vincent
Published date22 November 2013
Record NumberBIM24705
CourtHM Revenue & Customs
IssuerHM Revenue & Customs

Over the years farmers, market gardeners and fishermen have set up co-operatives. These co-operatives provide a variety of facilities to their members including:

  1. acting as marketing agents for members’ produce
  2. providing facilities for members (for example, grain storage/drying) and
  3. bulk-buying operations for members.

Governments have in the past encouraged this process through the Central Council for Agricultural and Horticultural Co-operation (CCAHC), later called Food from Britain.

The following guidance covers:

BIM24710 Background
BIM24715 Model constitution
BIM24720 Points to watch
BIM24725 Financing
BIM24730 Taxation of agricultural co-operatives
BIM24735 Position if not conducting a mutual trade
BIM24740 Taxation of the co-operative’s members
BIM24745 Futures dealing

You should establish whether the agricultural co-operative’s constitution says that:

  • only members can use the facilities and services the co-operative provides,
  • if the co-operative is a marketing agency,
  • the co-operative sells on behalf of the growers and never owns the produce,
  • ...

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