Part 16Companies with investment business
Chapter 3Amounts treated as expenses of management
Export Credits Guarantee Department
1245Payments to Export Credits Guarantee Department
1
This section applies if—
a
a sum is payable by a company with investment business to the Export Credits Guarantee Department, and
b
the sum is payable under an agreement entered into as a result of arrangements made under section 2 of the Export and Investment Guarantees Act 1991 (c. 67) (insurance in connection with overseas investment), or with a view to entering into such an agreement.
2
The sum is treated for the purposes of Chapter 2 as expenses of management.