Section 246 Restriction of deduction for non-contributory provisionC1I1

the expenses do not consist of the making of contributions under the scheme, but

in accordance with generally accepted accounting practice they are shown in the employer’s accounts.

are not deductible in computing the amount of the profits of the employer for the purposes of F1Part 2 of ITTOIA 2005 F2or Part 3 of CTA 2009 (trading income),

are not expenses of management of the employer for the purposes of F3Chapter 2 of Part 16 of CTA 2009 (expenses of management: companies with investment business), and

F4are not to count as ordinary BLAGAB management expenses of the employer for an accounting period for the purposes of section 76 of FA 2012.

if the expenses are allowed to be deducted in computing the amount of the profits of the employer to be charged under F5Part 2 of ITTOIA 2005 F6or Part 3 of CTA 2009 (trading income), they are deductible in computing the amount of the profits for the period of account in which they are paid, and

for the purposes of the operation F7in relation to the employer of F8section 76 of FA 2012 or Chapter 2 of Part 16 of CTA 2009, the expenses are referable to the accounting period in which they are paid.