Corporation Tax Act 2009 (c. 4)

Part 16 Companies with investment business

Chapter 3 Amounts treated as expenses of management

Export Credits Guarantee Department

1245 Payments 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.