Corporation Tax Act 2010 (c. 4)

Part 13 U.K. Other special types of company etc

Chapter 9 U.K. Community amateur sports clubs

Basic concepts U.K.

[F1 661C Periods over which management condition treated as met U.K.

(1) This paragraph applies in relation to any period throughout which the management condition is not met.

(2) The management condition is treated as met throughout the period if the Commissioners for Her Majesty's Revenue and Customs consider that—

(a) the failure to meet the management condition has not prejudiced the purposes of the club, or

(b) it is just and reasonable in all the circumstances for the condition to be treated as met throughout the period.]

Textual Amendments

F1 Ss. 661A-661C inserted (retrospective to 6.4.2010) by Finance Act 2010 (c. 13), Sch. 6 paras. 32, 35