SCHEDULES

SCHEDULE 6Charities and community amateur sports clubs: definitions

Part 1Definition of “charity”, “charitable company” and “charitable trust”

Periods over which management condition treated as met

5

1

This paragraph applies in relation to any period throughout which the management condition is not met.

2

The management condition is treated as met throughout the period if the Commissioners for Her Majesty's Revenue and Customs consider that—

a

the failure to meet the management condition has not prejudiced the charitable purposes of the body or trust, or

b

it is just and reasonable in all the circumstances for the condition to be treated as met throughout the period.