# Corporation Tax Act 2010, Section 483: Exemption for profits from fund-raising events


(1) The profits of a trade carried on by a charitable company are not taken into account in calculating total profits so far as they—
(a) arise from an event that is VAT-exempt in relation to the company, and
(b) are applied to charitable purposes or transferred to a charity.
(2) The profits of a trade carried on by a body to which subsection (3) applies are not taken into account in calculating total profits so far as they—
(a) arise from an event that is VAT-exempt in relation to the body, and
(b) are applied to charitable purposes or transferred to a charity.
(3) This subsection applies to any voluntary organisation that is a qualifying body for the purposes of Group 12 of Schedule 9 to the Value Added Tax Act 1994 (fund-raising events by charities and other qualifying bodies).
(4) The exemptions under this section require a claim.
(5) For the purposes of this section an event is VAT-exempt in relation to a person if the supply of goods and services by that person in connection with the event would be exempt from value added tax under Group 12 of Schedule 9 to the Value Added Tax Act 1994.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/483 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-483
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.