Export Credits Guarantee DepartmentU.K.
1245Payments to Export Credits Guarantee DepartmentU.K.
(1)This section applies if—
(a)a sum is payable by a company with investment business to the Export Credits Guarantee Department, and
(b)the sum is payable under an agreement entered into as a result of arrangements made under section 2 of the Export and Investment Guarantees Act 1991 (c. 67) (insurance in connection with overseas investment), or with a view to entering into such an agreement.
(2)The sum is treated for the purposes of Chapter 2 as expenses of management.