Corporation Tax Act 2009 section 85

Supplementary provisions with respect to approvals

Section 85 sets out the rules governing how the relevant national authority may attach conditions to the approval of local enterprise agencies and when such approval must be withdrawn.

• The relevant national authority may grant approval subject to conditions relating to accounts, provision of information and other matters it considers appropriate.
• Where approval is based on the body having a separate fund, that fund must be specified and tax relief for contributions applies only to amounts paid wholly to or for the purposes of that fund.
• The authority must withdraw approval if the body no longer meets the qualifying conditions for local enterprise agency status or fails to comply with any requirement imposed as a condition of its approval.
• On withdrawal, the authority must notify the body and specify the effective date, which may be earlier than the date on which the notice is actually given.