SCHEDULES

C1SCHEDULE 15 Control of donations to permitted participants

Annotations:

Part I Introductory

Payments etc. not to be regarded as donations

I14

1

None of the following shall be regarded as a donation—

a

any grant provided out of public funds, other than a grant provided to a designated organisation by virtue of section 110(2);

b

the provision of any rights conferred on a designated organisation (or persons authorised by a designated organisation) by virtue of section 110(4) and Schedule 12;

c

the provision by an individual of his own services which he provides voluntarily in his own time and free of charge; or

d

any interest accruing to a permitted participant in respect of any donation which is dealt with by the permitted participant in accordance with section 56(2)(a) or (b) (as applied by paragraph 7).

2

Any donation whose value (as determined in accordance with paragraph 5) is not more than £200 shall be disregarded.