PART 3Diverted profits tax
Payment and recovery of tax
99Diverted profits tax ignored for tax purposes
1
In calculating income, profits or losses for any tax purpose—
a
no deduction, or other relief, is allowed in respect of diverted profits tax, and
b
no account is to be taken of any amount which is paid (directly or indirectly) by a person for the purposes of meeting or reimbursing the cost of diverted profits tax.
2
An amount paid as mentioned in subsection (1)(b) is not to be regarded for the purposes of the Corporation Tax Acts as a distribution (within the meaning of CTA 2010).