Paragraph 24 Expenditure involving crime

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. para. 34 revoked by Taxation (International and Other Provisions) Act 2010 Sch. 10 Pt. 1
Sch. para. 32 revoked by Taxation (International and Other Provisions) Act 2010 Sch. 10 Pt. 9
Sch. para. 4 revoked by Taxation (International and Other Provisions) Act 2010 Sch. 10 Pt. 12
Sch. para. 36 revoked by Overseas Life Insurance Companies 2006 reg. 43(2) Sch. Pt. 2
Sch. para. 20 revoked by Corporation Tax Act 2010 Sch. 3 Pt. 1
Sch. para. 39 revoked by Corporation Tax Act 2010 Sch. 3 Pt. 1
Sch. para. 32 33 revoked by Corporation Tax Act 2010 Sch. 3 Pt. 2
Sch. para. 33 revoked by Taxation (International and Other Provisions) Act 2010 Sch. 10 Pt. 9

(1)

Section 577A^f1 is amended as follows.

(2)

In subsection (2) (expenditure not to be included in computing expenses of management in respect of which relief may be given under the Tax Acts)—

(a)

after “above” insert “(a)”, and

(b)

after “the Tax Acts” insert—

“; and

(b)

shall not be brought into account under section 76 as expenses payable”.

Annotations

f1: Section 577A was inserted by section 123 of the Finance Act 1993: the relevant amendments are those made by section 141 of the Finance Act 1994 and paragraph 1 of Schedule 7, and Part III(4) of Schedule 27, to the Finance Act 1998.