Section 1249 — Corporation Tax Act 2009: Unpaid remuneration

Unpaid remuneration 1249 1 This section applies if—

a an amount is charged in respect of employees' remuneration in the accounts for a period of a company with investment business, b the amount would apart from this section be deductible under section 1219 as expenses of management, and c the remuneration is not paid before the end of the period of 9 months immediately following the end of the period of account.

2 If the remuneration is paid after the end of that period of 9 months, the deduction for it is allowed for the period of account in which it is paid (and not in accordance with the timing rule in section 1219(1)).

3 No deduction is allowed for the remuneration under section 1219 if it is not paid.