22 Grassroots sport
Finance (No 2) Act 2017 (2017 c 32) | Legislation

22  Grassroots sport

(1)     CTA 2010 is amended as follows.

(2)     In section 1(2) (overview of Act)—

(a)     omit the “and” at the end of paragraph (g), and

(b)     after that paragraph insert—

“(ga)     relief for expenditure on grassroots sport (see Part 6A), and”.

(3)     In section 99(1) (group relief: losses and other amounts which may be surrendered), after paragraph (d) insert—

“(da)     amounts allowable as qualifying expenditure on grassroots sport (see Part 6A),”.

(4)     In section 105(4) (group relief: order in which amounts are treated as surrendered)—

(a)     after paragraph (a) insert—

“(aa)     second, expenditure within section 99(1)(da),”,

(b)     in paragraph (b), for “second” substitute “third”,

(c)     in paragraph (c), for “third” substitute “fourth”, and

(d)     in paragraph (d), for “fourth” substitute “fifth”.

(5)     After Part 6 insert—

“Part 6A
Relief for Expenditure on Grassroots Sport

217A Relief for expenditure on grassroots sport

(1)     A payment made by a company which is qualifying expenditure on grassroots sport (and which is not refunded) is allowed as a deduction in accordance with this section from the company's total profits in calculating the corporation tax chargeable for the accounting period in which the payment is made.

(2)

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