Section 1250 — Corporation Tax Act 2009: Unpaid remuneration: supplementary

Unpaid remuneration: supplementary 1250 1 For the purposes of section 1249 an amount charged in the accounts in respect of employees' remuneration includes an amount for which provision is made in the accounts with a view to its becoming employees' remuneration.

2 For the purposes of section 1249 it does not matter whether an amount is charged for—

a particular employments, or b employments generally.

3 If the profits of the company are calculated before the end of the 9 month period mentioned in section 1249(1)(c)—

a it must be assumed, in making the calculation, that any remuneration which is unpaid when the calculation is made will not be paid before the end of that period, but b if the remuneration is subsequently paid before the end of that period, nothing in this subsection prevents the calculation being revised and any tax return being amended accordingly.

4 For the purposes of this section and section 1249 remuneration is paid when it—

a is treated as received by an employee for the purposes of ITEPA 2003 by section 18 or 19 of that Act (receipt of money and non-money earnings), or b would be so treated if it were not exempt income.

5 In this section and section 1249— “ employee ” includes an office-holder and “employment” therefore includes an office, and “ remuneration ” means an amount which is or is treated as earnings for the purposes of Parts 2 to 7 of ITEPA 2003.