Section 1237 — Corporation Tax Act 2009: Counselling and other outplacement services

Counselling and other outplacement services 1237 1 This section applies if—

a a company with investment business (“ the employer ”) incurs counselling expenses, b the expenses are incurred in relation to a person (“ the employee ”) who holds or has held an office or employment under the employer, and c the relevant conditions are met.

2 The expenses are treated for the purposes of Chapter 2 as expenses of management.

3 In this section “ counselling expenses ” means expenses incurred—

a in the provision of services to the employee in connection with the cessation of the office or employment, b in the payment or reimbursement of fees for such provision, or c in the payment or reimbursement of travelling expenses in connection with such provision.

4 In this section “ the relevant conditions ” means—

a conditions A to D for the purposes of section 310 of ITEPA 2003 (employment income exemptions: counselling and other outplacement services),

and b in the case of travel expenses, condition E for those purposes.