Section 92 — Corporation Tax Act 2009: Levies etc under FISMA 2000

Levies etc under FISMA 2000 92 1 In calculating the profits of a trade carried on by a company, a deduction is allowed for any sum—

a spent by the company in paying a levy, or b paid by the company as a result of an award of costs under costs rules, so far as it is not otherwise allowable.

2 For the purposes of this section “ costs rules ” means—

a rules made under section 230 of FISMA 2000, or b provision relating to costs contained in the standard terms fixed under paragraph 18 of Schedule 17 to FISMA 2000.

3 For the purposes of this section “ levy ” means—

a a payment required under rules made under section 136(2) of FISMA 2000, b a levy imposed under the Financial Services Compensation Scheme, c a payment required under rules made under section 234 of FISMA 2000, d a payment required under the rules referred to in paragraph 14(1) of Schedule 17 to FISMA 2000 in accordance with paragraph 15(1) of that Schedule, or e a payment required in accordance with the standard terms fixed under paragraph 18 of that Schedule (other than a sum paid as a result of an award of costs under costs rules).