Point in time view as at 06/04/2006.
Finance Act 2003, Cross Heading:
“Qualifying expenses”
is up to date with all changes known to be in force on or before 10 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
3U.K.In this Schedule “qualifying expenses”—
(a)does not include expenses that, if incurred by the employer, would not be deductible in calculating for [F1corporation tax purposes] the employer’s profits for any period, but
(b)subject to that, includes any expenses of the third party (other than the provision of benefits to employees of the employer) in operating the employee benefit scheme in question.
Textual Amendments
F1Words in Sch. 24 para. 3(a) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 624(3) (with Sch. 2)
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