Section 866 — Corporation Tax Act 2009: Delayed payment of employees' remuneration

Delayed payment of employees' remuneration 866 1 This subsection applies if—

a a debit in respect of employees' remuneration is recognised by a company for accounting purposes, and b apart from this section, a debit in respect of the remuneration could be brought into account for the purposes of this Part for the period of account in which the debit is recognised.

2 No such debit may be so brought into account unless the remuneration is paid before the end of the period of 9 months beginning with the end of the period of account.

3 If the remuneration is paid after the end of the 9 month period, the debit may be brought into account for the purposes of this Part for the period of account in which it is paid.

4 Section 867 makes further provision relating to the application of this section.