Part 16Companies with investment business

Chapter 3Amounts treated as expenses of management

Levies under FISMA 2000

1246Levies under FISMA 2000

1

Sums—

a

spent by a company with investment business in paying a levy, or

b

paid by a company with investment business as a result of an award of costs under costs rules,

are treated for the purposes of Chapter 2 as expenses of management.

2

In this section “costs rules” has the meaning given by section 92(2).

3

In this section “levy” has the meaning given by section 92(3).