Part 3Income tax, corporation tax and capital gains tax
Chapter 2Other provisions
Computation of profits
68Expenditure involving crime
1
In section 577A(1) of the Taxes Act 1988 (no deduction to be made for expenditure incurred in making a payment the making of which constitutes a criminal offence)—
a
after “incurred” insert “(a)”, and
b
at the end insert
, or
b
in making a payment outside the United Kingdom where the making of a corresponding payment in any part of the United Kingdom would constitute a criminal offence there.
2
This section applies in relation to expenditure incurred on or after 1st April 2002.