# Bank of England Act 1946, Paragraph 14

Extent: E+W+S+N.I.

Any sum paid by the Bank to the Treasury in lieu of dividends shall be allowed as a deduction in assessing the Bank to corporation tax for the accounting period by reference to which the payment is calculated.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/9-10/27/schedule/FIRST/paragraph/14 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1946/schedule-FIRST/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.