Income Tax Act 2007 section 257JG

Period of accreditation as a social impact contractor

Section 257JG defines the timeframe during which an organisation's accreditation as a social impact contractor is valid, including the rules around start dates and the possibility of retrospective accreditation.

• The accreditation period begins on a date specified in the accreditation itself and lasts for a duration also set out or determined in accordance with the accreditation.
• The start date cannot be earlier than 6 April 2014, but it can be backdated to before the date the accreditation was granted or even before the date the application was made.
• The start date may also precede the date on which the accreditation provisions themselves came into force.
• The accreditation period is subject to the withdrawal rules — if accreditation is withdrawn, the period ends on the date the withdrawal takes effect.