Part 3Trading 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 Welsh Ministers (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.