# Corporation Tax Act 2009, Section 1303: Penalties, interest and VAT surcharges and interest

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

(1) In calculating profits for any corporation tax purpose, no deduction is allowed for any penalty or interest mentioned in the first column of the following table.
(2) This is the table—
Penalty or interest
Description of tax, levy or duty
Penalty under any of sections 60 to 70 of VATA 1994
Value added tax
Interest under section 101 of FA 2009 in respect of an amount of value added tax
Penalty under any of sections 8 to 11 of FA 1994
Excise duties
Penalty under any of paragraphs 12 to 19 of Schedule 7 to FA 1994
Insurance premium tax
Interest under paragraph 21 of that Schedule
Penalty under any provision of Part 5 of Schedule 5 to FA 1996
Landfill tax
Interest under paragraph 26 or 27 of that Schedule
Penalty under any provision of Schedule 6 to FA 2000
Climate change levy
Interest under any of paragraphs 70, 81 to 85 and 109 of that Schedule
Penalty under any provision of Part 2 of FA 2001
Aggregates levy
Interest under any of paragraphs 5 to 9 of Schedule 5 to, paragraph 6 of Schedule 8 to and paragraph 5 of Schedule 10 to FA 2001
Penalty under section 25 or 26 of FA 2003
Customs duties
Penalty under any provision of Part 4 of FA 2003
Stamp duty land tax
Interest under any provision of that Part
Interest under section 101 of FA 2009 in connection with sums required to be deducted under section 61 of FA 2004 (construction industry)
Penalty under Schedule 24 to FA 2007
Various taxes and excise duties
Penalty under Schedule 41 to FA 2008
Various taxes and excise duties
Penalty under Schedule 16 to F(No. 2)A 2017
Various taxes
(3) In calculating profits for any corporation tax purpose, no deduction is allowed for any surcharge under section 59 of VATA 1994.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1303 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1303
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.