Section 357YV Relationship of Part with other corporation tax provisions
United Kingdom
So far as restitution interest is charged to corporation tax under this Part it is not chargeable to corporation tax under any other provision F1(including Part 2 of FA 2012: but see also section 357YDA).
This Part has effect regardless of section 464(1) of CTA 2009 (priority of loan relationship provisions).
Annotations
Textual amendments
- F1
Words in s. 357YV inserted (with effect in accordance with reg. 2 of the amending S.I.) by The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2017 (S.I. 2017/364), regs. 1, 9
Notes on Part 8C
Textual amendments
- F1
Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)
Notes on Chapter 5
Textual amendments
- F1
Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)