- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)Sections 1240 to 1242 apply if—
(a)a company with investment business (“the employer”) makes a redundancy payment or an approved contractual payment to another person (“the employee”),
(b)the payment is in respect of the employee’s employment wholly in the employer’s investment business or partly in the employer’s investment business and partly in one or more other capacities, and
(c)expenses of management of the business are deductible under section 1219.
(2)For the purposes of this section and sections 1240 to 1243 “redundancy payment” means a redundancy payment payable under—
(a)Part 11 of the Employment Rights Act 1996 (c. 18), or
(b)Part 12 of the Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16)).
(3)For the purposes of this section and those sections—
“contractual payment” means a payment which, under an agreement, an employer is liable to make to an employee on the termination of the employee’s contract of employment, and
a contractual payment is “approved” if, in respect of that agreement, an order is in force under—
section 157 of the Employment Rights Act 1996, or
Article 192 of the Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16)).
(1)This section applies if the payment is in respect of the employee’s employment wholly in the employer’s investment business.
(2)The amount of the payment is treated for the purposes of Chapter 2 as expenses of management.
(3)The deduction allowable by virtue of this section for an approved contractual payment must not exceed the amount which would have been due to the employee if a redundancy payment had been payable.
(4)If the payment is referable (see sections 1224 to 1227) to an accounting period beginning after the business has permanently ceased to be carried on, it is treated as referable to the last accounting period in which the business was carried on.
(1)This section applies if the payment is in respect of the employee’s employment with the employer—
(a)partly in the employer’s investment business, and
(b)partly in one or more other capacities.
(2)The amount of the redundancy payment, or the amount which would have been due if a redundancy payment had been payable, is to be apportioned on a just and reasonable basis between—
(a)the employment in the investment business, and
(b)the employment in the other capacities.
(3)The part of the payment apportioned to the employment in the investment business is treated as a payment in respect of the employee’s employment wholly in the investment business for the purposes of section 1240.
(1)This section applies if the employer’s business, or part of it, ceases (permanently) to be carried on and the employer makes a payment to the employee in addition to—
(a)the redundancy payment, or
(b)if an approved contractual payment is made, the amount that would have been due if a redundancy payment had been payable.
(2)If—
(a)the additional payment would not otherwise be deductible under section 1219, but
(b)that is only because the business, or the part of the business, has ceased to be carried on,
the additional payment is deductible under section 1219 as expenses of management.
(3)The deduction under this section is limited to 3 times the amount of—
(a)the redundancy payment, or
(b)if an approved contractual payment is made, the amount that would have been due if a redundancy payment had been payable.
(4)If the payment is referable to an accounting period beginning after the business or the part of the business has ceased to be carried on, it is treated as referable to the last accounting period in which the business, or the part concerned, was carried on.
(1)This section applies if—
(a)a redundancy payment or an approved contractual payment is payable by a company with investment business (“the employer”),
(b)a payment to which subsection (2) applies is made in respect of the payment, and
(c)expenses of management of the business are deductible under section 1219.
(2)This subsection applies to—
(a)payments made by the Secretary of State under section 167 of the Employment Rights Act 1996 (c. 18), and
(b)payments made by the Department for Employment and Learning under Article 202 of the Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16)).
(3)So far as the employer reimburses the Secretary of State or Department for the payment, sections 1240 to 1242 apply as if the payment were—
(a)a redundancy payment, or
(b)an approved contractual payment,
made by the employer.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
Y Ddeddf Gyfan you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Y Ddeddf Gyfan heb Atodlenni you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Y Rhestrau you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.
Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:
Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:
liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys