Description | Writes on behalf of the Treasurer of the Royal Society, to enquire whether the Society is entitled to exemption from payment of Income Tax, and if so, to what extent. Rix outlines thair foundation by Royal Charter for 'the Promotion of Natural Knowledge', their role as administrators of various funds, and the fact that they are in receipt of income for a trust, a part of which is used for purely charitable purposes.
Income tax is deducted on all income from the investments of the Society's funds and of the trust funds, and Rix wants to know what entitlement they have to claim return of tax deducted. The Society's last audited accounts are enclosed [not included], and Rix can supply additional information if required. |