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Status:
Point in time view as at 01/07/2011. This version of this provision has been superseded.
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Corporation Tax Act 2009, Section 1249 is up to date with all changes known to be in force on or before 12 January 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.
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1249Unpaid remunerationU.K.
This section has no associated Explanatory Notes
(1)This section applies if—
(a)an amount is charged in respect of employees' remuneration in the accounts for a period of a company with investment business,
(b)the amount would apart from this section be deductible under section 1219 as expenses of management, and
(c)the remuneration is not paid before the end of the period of 9 months immediately following the end of the period of account.
(2)If the remuneration is paid after the end of that period of 9 months, the deduction for it is allowed for the period of account in which it is paid (and not in accordance with the timing rule in section 1219(1)).
(3)No deduction is allowed for the remuneration under section 1219 if it is not paid.
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