# Corporation Tax Act 2009, Paragraph 106

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

(1) This paragraph applies if an amount is received by a company under section 992 as a result of shares having been awarded to an excluded employee in an accounting period that ends before 1 April 2009.
(2) Section 986 does not apply in relation to the amount.
(3) The amount is treated as a trading receipt of the company for the period of account in which the shares were awarded to the excluded employee.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/106 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/schedule-2/paragraph-106
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.