Section 1288 — Corporation Tax Act 2009: Unpaid remuneration

Unpaid remuneration 1288 1 This section applies if—

a an amount is charged in respect of employees' remuneration in a company's accounts for a period, b the amount would, apart from this section, be deductible in calculating income from any source for corporation tax purposes, 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.

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

4 Provision corresponding to that made by this section is made by—

a section 1249 (in relation to expenses of management of a company's investment business), including as applied by section 82 of FA 2012 ... b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .