Supplies of welfare advice or information made by a trading subsidiary of a charitable body are not covered by the reduced rate.

But if the tax benefits are the main reason for considering setting up a trading subsidiary it's worth weighing up the advantages and disadvantages carefully.

Your charity's trading subsidiary pays the donations to your charity without taking off any tax.

The new company must be an unquoted company carrying on a trade, or the holding company of one or more trading subsidiaries.

The campsite at Crosthwaite is run as a trading subsidiary of the trust.

Banks are also barred from engaging in joint marketing activities with the trading subsidiaries.

The sale of donated and bought-in goods by charities and their trading subsidiaries is a business activity.

Charities will often use their trading subsidiaries to arrange these events.

All references to charities within this section include their trading subsidiaries.

Its trading subsidiary ran "The Poly", a local arts and cinema venue until going into administration in January 2010.