Section 259CD Counteraction where the payer is within the charge to corporation tax for the payment periodF1

This section applies where the payer is within the charge to corporation tax for the payment period.

For corporation tax purposes, the relevant deduction that may be deducted from the payer's income for the payment period is reduced by an amount equal to the hybrid or otherwise impermissible deduction/non-inclusion mismatch mentioned in section 259CA(4).