# Finance Act 2012, Paragraph 13


(1) If a company (“C”) makes a qualifying gift, a portion of C's tax liability for the relevant accounting period is to be treated as satisfied, as if C had paid that portion when it became due (or on the offer registration date, if the portion became due before that date).
(2) “The relevant accounting period” is the accounting period of C's in which the offer registration date falls.

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/14/paragraph/13 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-14/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.