Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Status:
This is the original version (as it was originally enacted).
1249Unpaid remuneration
This section has no associated Explanatory Notes
(1)This section applies if—
(a)an amount is charged in respect of employees' remuneration in the accounts for a period of a company with investment business,
(b)the amount would apart from this section be deductible under section 1219 as expenses of management, and
(c)the remuneration is not paid before the end of the period of 9 months immediately following the end of the period of account.
(2)If the remuneration is paid after the end of that period of 9 months, the deduction for it is allowed for the period of account in which it is paid (and not in accordance with the timing rule in section 1219(1)).
(3)No deduction is allowed for the remuneration under section 1219 if it is not paid.
Back to top