Part 20General calculation rules
C1C2Chapter 1Restriction of deductions
Pt. 20 Ch. 1 applied (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 92(4) (with s. 147, Sch. 17)
Unpaid remuneration
1288Unpaid remuneration
1
This section applies if—
a
an amount is charged in respect of employees' remuneration in a company's accounts for a period,
b
the amount would, apart from this section, be deductible in calculating income from any source for corporation tax purposes, 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.
3
No deduction is allowed for the remuneration if it is not paid.
4
Provision corresponding to that made by this section is made by—
a
F2b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Pt. 20 Ch. 1 applied by 1989 c. 26, s. 85(2BA) (as substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 348(4) (with Sch. 2 Pts. 1, 2))