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Corporation Tax Act 2010
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197Restrictions on associated benefits
This section has no associated Explanatory Notes
(1)For the purposes of this Chapter the restrictions on benefits associated with a payment are breached if condition A or B is met.
(2)Condition A is that the total value of the benefits associated with the payment exceeds the variable limit, which is—
(a)25% of the amount of the payment, if the amount of the payment is £100 or less,
(b)£25, if the amount of the payment is more than £100 but not more than £1,000,
(c)5% of the amount of the payment, if the amount of the payment is more than £1,000.
(3)Condition B is that the sum of the following total values is more than £500—
(a)the total value of the benefits associated with the payment, and
(b)the total value of the benefits (if any) associated with each relevant prior payment.
(4)A relevant prior payment is a payment—
(a)which has already been made by the company to the charity in the accounting period, and
(b)which is a qualifying payment.
(5)This section needs to be read with section 198.
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