Section 133K — Corporation Tax Act 2009: “Compensation” and related expressions

“Compensation” and related expressions 133K 1 In sections 133A to 133D references to compensation which is paid or payable “in respect of” relevant conduct include compensation which is paid (or to be paid)—

a in connection with a claim by the customer for compensation in respect of the conduct, or b in circumstances where there is reason to suspect that company A may (or might in the absence of the payment) be or become liable to pay compensation in respect of relevant conduct—

i to the customer, or ii in one or more of a class of cases which includes the customer's case.

2 In sections 133A to 133D and this section “ compensation ” includes any form of redress, whether monetary or non-monetary, and accordingly includes interest. References in those sections to “payment” are to be interpreted accordingly.

3 In subsection (1)— “ claim ” includes any claim or request, however made; “ customer ” has the meaning given by section 133J; “relevant conduct” is to be interpreted in accordance with section 133A(6).