Section 997 No deduction for expenses in providing dividend shares

United Kingdom

(1)

No deduction is allowed to a company for expenses in providing shares that are acquired on behalf of employees under F1a Schedule 2 share incentive plan as dividend shares.

(2)

This is subject to section 988.

Annotations

Textual amendments

F1: Words in s. 997(1) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 81, 89 (with Sch. 8 paras. 90-96)

Notes on Part 11

Modifications

C1: Pt. 11 applied by 2010 c. 8, s. 425(1) (as inserted (with effect in accordance with Sch. 5 para. 25(1)-(3) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 1 (with Sch. 5 paras. 27, 32-34))