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taxadvisor.uk, Chartered Certified Accountant
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Masonic Lodges are generally not registered as charities but

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Masonic Lodges are generally not registered as charities but prepare income and expenditure accounts showing surplus not profit, they do not submit tax returns generally. Should any interest earned on savings or benevolent fund accounts be declared via a corporation tax return and tax paid accordingly ?
JA: Which tax year are you filing for?
Customer: As an example let's say 2017
JA: Anything else you want the Accountant to know before I connect you?
Customer: I believe generally Lodges do not make returns but the question is should they?

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Many thanks

Thank you for your question.

Interest earned on bank current and deposit accounts is technically subject to corporation tax, but HMRC have indicated that they will not generally attempt to collect tax on small club type accounts where small amounts of interest are the only taxable amounts. If you are submitting a corporation tax return and paying tax it would be worthwhile asking for concessionary treatment to be applied. Banks and Building Societies should be paying interest gross and it may be worthwhile checking to ensure that they are.

If your lodge is not filing annual returns and interest received is the only taxable amount then there is no need to file a return. Corporation tax returns are due for organistations that are limited by shares or guarantee.

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