Section 104 — Corporation Tax Act 2009: Repayments under FISMA 2000

Repayments under FISMA 2000 104 1 This section applies if—

a a company carries on a trade, and b a payment is made to the company as a result of a repayment provision.

2 The payment is brought into account as a receipt in calculating the profits of the trade.

3 For the purposes of this section “ repayment provision ” means—

a any provision made by virtue of section 136(7) or 214(1)(e) of FISMA 2000, or b any provision made by scheme rules for fees to be refunded in specified circumstances.

4 In this section “ scheme rules ” means the rules referred to in paragraph 14(1) of Schedule 17 to FISMA 2000.