OT15820 - PRT: tax-exempt tariffing receipts - definition
Tax-exempt tariffing receipt
A tax-exempt tariffing receipt is defined in OTA83\S6A(2) as:
- an amount that would otherwise be a tariff receipt (OT15025) of a participator,
- it is received or receivable by a participator in a chargeable period ending on or after 30 June 2004 under a contract entered into on or after 9 April 2003, and
- it is in respect of tax-exempt business
Tax-exempt business
An amount is in respect of tax-exempt business if it is received or receivable by a participator for the use of a qualifying asset (OT15100) or the provision of services or other business facilities of whatever kind in connection with the use, other than by the participator, of a qualifying asset and the use is in relation to: