Section 73 — Corporation Tax Act 2009: Counselling and other outplacement services

Counselling and other outplacement services 73 1 In calculating the profits of a trade, a deduction is allowed for counselling expenses if—

a the company carrying on the trade (“ the employer ”) incurs the expenses, b the expenses are incurred in relation to a person (“ the employee ”) who holds or has held an office or employment under the employer for the purposes of the trade, and c the relevant conditions are met.

2 In this section “ counselling expenses ” means expenses incurred—

a in the provision of services to the employee in connection with the cessation of the office or employment, b in the payment or reimbursement of fees for such provision, or c in the payment or reimbursement of travelling expenses in connection with such provision.

3 In this section “ the relevant conditions ” means—

a conditions A to D for the purposes of section 310 of ITEPA 2003 (employment income exemptions: counselling and other outplacement services),

and b in the case of travel expenses, condition E for those purposes.