Section 133B — Corporation Tax Act 2009: Companies affected by section 133A: amounts treated as received

Companies affected by section 133A: amounts treated as received 133B 1 This section applies where a company incurs in an accounting period expenses which would, but for section 133A, be deductible in calculating the profits of a trade carried on by that company.

2 An amount equal to 10% of the relevant sum is to be brought into account as a receipt in calculating the profits of the trade.

3 The amount is treated as arising at the end of the accounting period.

4 In this section “ the relevant sum ” means the total amount of the expenses which as a result of section 133A are not deductible in calculating the profits of the trade for the accounting period.