This section has no associated Explanatory Notes
[F121(1)A person other than an individual is treated as meeting a section 237A condition at the section 237A(2) relevant time if—U.K.
(a)a relevant body (“A”) met the condition at a time when A was controlled by the person, and
(b)at the time mentioned in paragraph (a) A, or another relevant body (“B”) which was also at that time controlled by the person, carried on a business as a promoter.
(2)For the purposes of determining whether the requirements of sub-paragraph (1) are met it does not matter whether A or B (or neither) exists at the section 237A(2) relevant time.]
Textual Amendments
F1Sch. 34A inserted (15.9.2016) by Finance Act 2016 (c. 24), s. 160(5)