# The Finance Act 2007, Schedule 25 (Commencement and Transitional Provisions) Order 2007, Article 3: Transitional provisions


In section 505(1)(f)(ii) of the Income and Corporation Taxes Act 1988 (charitable companies: exemption for profits from lotteries) and section 530(2) of the Income Tax Act 2007 (charitable trusts: exemption for profits from lotteries) the references to “lottery operating licence” include an operating licence which is treated as being held by a society by virtue of paragraph 68 of Schedule 4 to the 2006 Order.

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Source: https://www.legislation.gov.uk/uksi/2007/2532/article/3 (the official version)
Page: https://openlegislation.uk/finance-act-2007-schedule-25-commencement-and-transitional-provisions-order-2007/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.