Part 2Trading income
Chapter 5Trade profits: rules allowing deductions
Contributions to local enterprise organisations or urban regeneration companies
83Meaning of “local enterprise organisation”
1
For the purposes of section 82 “local enterprise organisation” means—
a
a local enterprise agency,
b
a training and enterprise council,
c
a Scottish local enterprise company, or
d
a business link organisation.
2
“Local enterprise agency” means a body for the time being approved as a local enterprise agency for the purposes of section 82 by the relevant national authority, that is to say by—
a
the Secretary of State (in relation to England or Northern Ireland),
b
the Scottish Ministers (in relation to Scotland), or
c
the National Assembly for Wales (in relation to Wales).
For further provision about approvals by the relevant national authority, see sections 84 and 85.
3
“Training and enterprise council” means a body with which the Secretary of State has an agreement under which the body is to carry out the functions of a training and enterprise council.
4
“Scottish local enterprise company” means a company with which—
a
Scottish Enterprise, or
b
Highlands and Islands Enterprise,
has an agreement under which the company is to carry out the functions of a local enterprise company.
5
“Business link organisation” means a person authorised by or on behalf of the Secretary of State to use a trade mark designated by the Secretary of State for the purposes of this subsection.