Section 1243 — Corporation Tax Act 2009: Payments made by the Government

Payments made by the Government 1243 1 This section applies if—

a a redundancy payment or an approved contractual payment is payable by a company with investment business (“ the employer ”),

b a payment to which subsection (2) applies is made in respect of the payment, and c expenses of management of the business are deductible under section 1219.

2 This subsection applies to—

a payments made by the Secretary of State under section 167 of the Employment Rights Act 1996 (c. 18),

and b payments made by the Department for Employment and Learning under Article 202 of the Employment Rights (Northern Ireland) Order 1996 (S.I. 1996/1919 (N.I. 16)).

3 So far as the employer reimburses the Secretary of State or Department for the payment, sections 1240 to 1242 apply as if the payment were—

a a redundancy payment, or b an approved contractual payment, made by the employer.