(1) In this section -
'application period' means the period commencing on 1 September 2021 and ending on 30 November 2021;
'approved body of persons' has the same meaning as in section 235;
'chargeable period' has the same meaning as in section 321(2);
'charity' has the same meaning as in section 208;
'partnership trade' has the same meaning as in section 1007;
'precedent partner', in relation to a partnership and a partnership trade, has the same meaning as in section 1007;
'relevant business activity' means, subject to subsection (2), a trade carried on by a person either solely or in partnership;
'specified period' means the period commencing on 1 September 2020 and ending on 31 August 2021;
'tax' means income tax or corporation tax;
'tax reference number' has the same meaning as in section 885;
'trade' means a trade any profits or gains arising from which is chargeable to tax under Case I of Schedule D.
(a) Where a charity carries on a trade, the profits or gains arising from w
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