Statute
Section 69 — Corporation Tax Act 2009: Payments for restrictive undertakings
Text of the provision Official document
Payments for restrictive undertakings 69 1 In calculating the profits of a trade, a deduction is allowed for a payment—
a which is treated as earnings of an employee by virtue of section 225 of ITEPA 2003 (payments for restrictive undertakings),
and b which is made, or treated as made for the purposes of section 226 of that Act (valuable consideration given for restrictive undertakings), by the company carrying on the trade.
2 The deduction is allowed for the accounting period in which the payment—
a is made, or b is treated as made for the purposes of section 226 of ITEPA 2003.
Official source: legislation.gov.uk
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