Why are we being asked to add a reference in the Charter to “the benefits provided by the RCN to its members as a professional trade union”?
The amendments to clause III are designed to make it clear that in future the RCN will operate as a trade union and will be able, as such, to accord benefits to its members through legal representation, advice and assistance. It is important that this be spelt out as one of the RCN’s powers in its Charter in order to enable the RCN post 1st April 2010 to be able to establish itself with Her Majesty’s Revenue & Customs as a trade union that provides provident benefits as defined in Section 467 of the Taxes Act 1998. The significance of that for the RCN, post 1st April 2010, is that there are major tax reliefs available for a registered trade union which provides provident benefits – broadly speaking any surpluses derived from the membership subscriptions over and above those monies which have been spent on the provision of representation, advice and assistance as provident benefits, are tax free. Provident benefits are defined as including: • payments made to a member during sickness or
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