SCHEDULE 18CHARITIES RELIEF
F1Meaning of “charity”: management condition
Annotations:
Amendments (Textual)
2D
1
A body of persons or trust meets the management condition if its managers are fit and proper persons to be managers of the body or trust.
2
In this paragraph “managers”, in relation to a body of persons or trust, means the persons having the general control and management of the administration of the body or trust.
3
Sub-paragraph (4) applies in relation to any period throughout which the management condition is not met.
4
The management condition is treated as met if WRA consider that—
a
the failure to meet the 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.
Sch. 18 paras. 2A-2D and cross-headings inserted (31.12.2020) by The Welsh Tax Acts (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/833), regs. 1(2), 3(4) (with reg. 3(5)); 2020 c. 1, Sch. 5 para. 1(1)