Section 55: Crime-related payments
231.This section prohibits any deduction for expenses incurred in making a payment:
the making of which is a criminal offence, or which would be a criminal offence if the payment was made in the United Kingdom; or
which is made in response to a demand, the making of which is a criminal offence.
232.The section is based on section 577A of ICTA.
233.It overrides any provision which otherwise allows a deduction to be made in calculating the profits of a trade. See section 31(1)(b) of this Act.