Part 16 U.K. Companies with investment business

Chapter 3 U.K. Amounts treated as expenses of management

Levies under FISMA 2000 U.K.

1246 Levies under FISMA 2000 U.K.

(1) Sums—

(a) spent by a company with investment business in paying a levy, or

(b) paid by a company with investment business as a result of an award of costs under costs rules,

are treated for the purposes of Chapter 2 as expenses of management.

(2) In this section “costs rules” has the meaning given by section 92(2).

(3) In this section “levy” has the meaning given by section 92(3).