65 London Organising Committee
Finance Act 2006 (2006 c 25) | Legislation

Chapter 6
The London Olympic Games and Paralympic Games

65  London Organising Committee

(1)     In this section “LOCOG” means the private company limited by guarantee incorporated on 22nd October 2004 with the Company Number 05267819 and with the name The London Organising Committee of the Olympic Games Limited.

(2)     LOCOG shall be exempt from corporation tax.

(3)     [The duties to deduct under Chapters 6, 7, 10 and 14 of Part 15 of ITA 2007 (deduction of income tax at source)] shall not apply to payments to LOCOG.

(4)     A claim may be made for any repayment of income tax required as a result of an exemption conferred by this section.

(5)     The Treasury may by regulations provide for subsections (2) to (4) to apply to

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