Section 217C — Corporation Tax Act 2010: Meaning of qualifying sport body

Meaning of qualifying sport body 217C 1 For the purposes of this Part, a “qualifying sport body” is—

a a recognised sport governing body;

b a body which is wholly owned by a recognised sport governing body.

2 A “recognised sport governing body” is a body which is included from time to time in a list, maintained by the National Sports Councils, of governing bodies of sport recognised by them.

3 The Treasury may by regulations—

a amend this section for the purpose of altering the meaning of “qualifying sport body”;

b designate bodies to be treated as qualifying sport bodies for the purposes of this Part.

4 Regulations under section (3)(b) may designate a body by reference to its inclusion in a class or description of bodies.

5 In this section “ the National Sports Councils ” means—

a the United Kingdom Sports Council, b the English Sports Council, c the Scottish Sports Council, d the Sports Council for Wales, and e the Sports Council for Northern Ireland.

6 Regulations under subsection (3)(b) made before 1 April 2018 may include provision having effect in relation to times before the regulations are made (but not times earlier than 1 April 2017).