# Corporation Tax Act 2009, Section 1217QE: When costs are taken to be incurred


(1) For the purposes of this Chapter, the costs that have been incurred on a production of a concert or concert series at a given time do not include any amount that has not been paid unless it is the subject of an unconditional obligation to pay.
(2) Where an obligation to pay an amount is linked to income being earned from the production of the concert or concert series, the obligation is not treated as having become unconditional unless an appropriate amount of income is or has been brought into account under section 1217QB.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1217QE (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1217QE
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.