# Corporation Tax Act 2009, Section 1246: Levies under FISMA 2000


(1) Sums—
(a) spent by a company with investment business in paying a levy, or
(b) paid by a company with investment business as a result of an award of costs under costs rules,
are treated for the purposes of Chapter 2 as expenses of management.
(2) In this section “costs rules” has the meaning given by section 92(2).
(3) In this section “levy” has the meaning given by section 92(3).

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1246 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1246
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.