Part 2Trading income
Chapter 4Trade profits: rules restricting deductions
Unpaid remuneration
36Unpaid remuneration
1
This section applies if, in calculating the profits of a trade of a period of account—
a
an amount is charged in the accounts for the period in respect of employees' remuneration, and
b
a deduction for the remuneration would otherwise be allowable for the period.
2
No deduction is allowed for the remuneration for the period of account unless it is paid before the end of the period of 9 months immediately following the end of the period of account.
3
If the remuneration is paid after the end of that 9 month period, a deduction for it is allowed for the period of account in which it is paid.