Part 3

Trading income
Chapter 5

Trade profits: rules allowing deductions

Export Credits Guarantee Department

Payments to Export Credits Guarantee Department
91
In calculating the profits of a trade, a deduction is allowed for a sum payable by the company carrying on the trade to the Export Credits Guarantee Department—
a
under an agreement entered into as a result of arrangements made under section 2 of the Export and Investment Guarantees Act 1991 (c. 67) (insurance in connection with overseas investment), or
b
with a view to entering into such an agreement.
Pt. 3 modified (1.1.2010) by Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227), regs. 1, 4(1)