Commentary on Sections Overview Section 543: Meaning of “non-charitable expenditure”
1640.This section defines “non-charitable expenditure”. It is based on sections 506 and 506A of ICTA.
1641.Section 506(1) of ICTA contains a definition of “charitable expenditure”. But neither expenditure itself nor “non-charitable expenditure” are defined explicitly. This section sets out the definition in some detail, to reflect practice and HMRC guidance. See Change 98 in Annex 1, which also affects sections 544 and 545.