1177“Subsidised expenditure”U.K.
This section has no associated Explanatory Notes
(1)For the purposes of this Part a company's expenditure is treated as subsidised to the extent that—
(a)a grant or subsidy is obtained in respect of the expenditure, or
(b)it is otherwise met directly or indirectly by a person other than the company.
(2)For the purposes of this a grant, subsidy or payment that is not allocated to particular expenditure is to be allocated to expenditure of the recipient on a just and reasonable basis.