Corporation Tax Act 2010 (c. 4)

[F1 PART 8C U.K. Restitution interest

Textual Amendments

F1 Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)

CHAPTER 1 U.K. Amounts taxed as restitution interest

357YB Restitution interest chargeable as income U.K.

(1) Profits arising to a company which consist of restitution interest are chargeable to tax as income under this Part (regardless of whether the profits are of an income or capital nature).

(2) In this Part references to “profits” are to be interpreted in accordance with section 2(2) of CTA 2009.]