Statute
Section 1234 — Corporation Tax Act 2009: Payments for restrictive undertakings
Text of the provision Official document
Payments for restrictive undertakings 1234 1 This section applies if a payment—
a is treated as earnings of an employee by virtue of section 225 of ITEPA 2003 (payments for restrictive undertakings),
and b is made, or treated as made for the purposes of section 226 of that Act (valuable consideration given for restrictive undertakings), by a company with investment business.
2 The payment is treated for the purposes of Chapter 2 as expenses of management.
Official source: legislation.gov.uk
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from UK courts and tribunals with a plain-English summary and legal holding.
Explore case law →