# Finance Act 2019, Section 41: Charities: exemption for small trades etc


(1) In section 528 of ITA 2007 (exemption for small trades of charitable trust: condition that trading incoming resources etc do not exceed requisite limit) in subsection (6)(b) (the requisite limit)—
(a) for “£5,000” substitute £8,000”, and
(b) for “£50,000” substitute “ £80,000 ”.
(2) The amendments made by subsection (1) have effect for the tax year 2019-20 and subsequent tax years.
(3) Section 482 of CTA 2010 (exemption for small trades of charitable company: condition that trading incoming resources etc do not exceed requisite limit) is amended as follows.
(4) In subsection (6)(b) (the requisite limit)—
(a) for “£5,000” substitute “ £8,000 ”, and
(b) for “£50,000” substitute “ £80,000 ”.
(5) In subsection (7)—
(a) for “£5,000” substitute £8,000”, and
(b) for “£50,000” substitute “ £80,000 ”.
(6) The amendments made by subsections (3) to (5) have effect in relation to accounting periods beginning on or after 1 April 2019.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/section/41 (the official version)
Page: https://openlegislation.uk/finance-act-2019/section-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.