# Corporation Tax Act 2010, Section 357YB: Restitution interest chargeable as income

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

(1) Profits arising to a company which consist of restitution interest are chargeable to tax as income under this Part (regardless of whether the profits are of an income or capital nature).
(1A) In subsection (1) the reference to a company does not include a charitable company.
(2) In this Part references to “profits” are to be interpreted in accordance with section 2(2) of CTA 2009.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/357YB (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-357YB
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.