# Corporation Tax Act 2009, Section 1245: Payments to Export Credits Guarantee Department


(1) This section applies if—
(a) a sum is payable by a company with investment business to the Export Credits Guarantee Department, and
(b) the sum is payable under an agreement entered into as a result of arrangements made under section 2 of the Export and Investment Guarantees Act 1991 (c. 67) (insurance in connection with overseas investment), or with a view to entering into such an agreement.
(2) The sum is treated for the purposes of Chapter 2 as expenses of management.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1245 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1245
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.