Part 16Companies with investment business
Chapter 3Amounts treated as expenses of management
Payments for restrictive undertakings
C11234Payments for restrictive undertakings
1
This section applies if a payment—
a
is treated as earnings of an employee by virtue of section 225 of ITEPA 2003 (payments for restrictive undertakings), and
b
is made, or treated as made for the purposes of section 226 of that Act (valuable consideration given for restrictive undertakings), by a company with investment business.
2
The payment is treated for the purposes of Chapter 2 as expenses of management.