Part 16Companies with investment business

Chapter 4Rules restricting deductions

1247Introduction

1

This Chapter contains provisions that restrict the deduction of expenses of management under section 1219.

2

Other provisions that prohibit or restrict the deduction of expenses of management under section 1219 include—

a

section 1290 (employee benefit contributions),

b

section 1298 (business entertainment and gifts),

c

section 1302 (social security contributions),

d

section 1303 (penalties, interest and VAT surcharges),

e

section 1304 (crime-related payments),

f

section 200 of FA 2004 (no other relief for employers in connection with contributions),

g

section 246 of FA 2004 (restriction of deduction for non-contributory provision).

3

See also section 196A of FA 2004 (employers' contributions: power to restrict relief).