F1PART 5BTax relief for social investments
CHAPTER 1Introduction
257JFAccreditations: supplementary provisions
1
An accreditation must be made so as to be conditional on compliance with—
a
any requirements imposed by or under regulations, and
b
any other requirements considered appropriate by the Minister of the Crown who is accrediting the company concerned.
2
The requirements that may be imposed by virtue of subsection (1) include requirements relating to the provision of information.
3
Regulations may—
a
make further provision about applications for accreditation,
b
make provision for the variation of an accreditation (including its provisions as to its duration),
c
make provision which, in a case where a company is or has been an accredited social impact contractor, imposes or authorises the imposition of requirements on the company, or on any other party to the social impact contract concerned, to provide information,
d
make provision about the consequences of a failure to comply with any requirement of an accreditation imposed by virtue of subsection (1) or with any requirement imposed by virtue of paragraph (c), including in particular—
i
provision for the withdrawal of the accreditation concerned with effect from the time of the failure or a later time, and
ii
provision for the imposition of penalties,
e
make provision for publication of information about an accreditation or accredited social impact contractor, and
f
make provision for reviews of, or for appeals to the tribunal against, any of the following—
i
a refusal to grant or vary an accreditation,
ii
the imposition of a requirement under subsection (1)(b),
iii
the withdrawal of an accreditation (whether under section 257JD(4) or by virtue of provision made under paragraph (d)(i)), and
iv
the imposition or amount of a penalty imposed by virtue of provision made under paragraph (d)(ii).
4
Regulations under subsection (1) or (3) may—
a
make provision for the making of decisions by a Minister of the Crown as to any matter required to be decided for the purposes of the regulations,
b
be framed by reference to material published by, or on behalf of, a Minister of the Crown after the making of the regulations (as well as by reference to material published before the making of the regulations),
c
make different provision for different cases or circumstances or in relation to different areas, and
d
contain incidental, supplemental, consequential and transitional provision and savings.
5
In this section—
“accreditation” means accreditation under section 257JD, and
“regulations” means regulations made by the Treasury.
Pt. 5B inserted (17.7.2014) by Finance Act 2014 (c. 26), Sch. 11 para. 1