Finance Act 2002 (c. 23)
This section has no associated Explanatory Notes
420(1)Amend Schedule 18 (relief for community amateur sports clubs) as follows.
(2)In paragraph 5—
(a)in sub-paragraph (3)(b) omit the words from “as it applies” to the end, and
(b)after that sub-paragraph insert—
“(4)For the purposes of this paragraph, section 25(10) of the Finance Act 1990 (gift aid) has effect as if a registered club were a charitable company.”
(3)In paragraph 9 for sub-paragraph (1) substitute—
“(1)Chapter 2 of Part 8 of ITA 2007 (gift aid) confers relief from income tax for donors to registered clubs (see section 430 of that Act).”