Section 865 — Corporation Tax Act 2009: Debits for expenditure not generally deductible for tax purposes

Debits for expenditure not generally deductible for tax purposes 865 1 No debit may be brought into account for tax purposes under this Part in respect of expenditure that is not generally deductible for tax purposes.

2 Expenditure is “not generally deductible for tax purposes” so far as revenue expenditure of that description incurred for the purposes of a trade would be non-deductible because of a provision specified in subsection (3).

3 Those provisions are—

a section 56 (car ... hire),

b section 1298 (business entertainment and gifts),

c section 1304 (crime-related payments),

and d section 246(2) of FA 2004 (expenditure on benefits under employer-financed retirement benefits schemes).