Corporation Tax Act 2009

1296 Interpretation of sections 1290 to 1296 U.K.

(1) In this section and sections 1290 to 1295—

• “accident benefit scheme” means an employee benefit scheme under which benefits may be provided only by reason of a person's disablement, or death, caused by an accident occurring during the person's service as an employee of the employer,

• “employee benefit contribution” is to be read in accordance with section 1291(1),

• “employee benefit scheme” has the meaning given by section 1291(2),

• “the employer” is to be read in accordance with section 1290(1),

• “employer-financed retirement benefits scheme” has the same meaning as in Chapter 2 of Part 6 of ITEPA 2003 (see section 393A of that Act),

• “qualifying benefits” is to be read in accordance with section 1292,

• “qualifying expenses” includes any expenses of a scheme manager (other than the provision of benefits to employees of the employer)—

  (a)

  which are incurred in operating the employee benefit scheme, and

  (b)

  which, if incurred by the employer, would be deductible in calculating for corporation tax purposes the employer's profits of any period of account, and

• “scheme manager” means a person who administers an employee benefit scheme (acting in that capacity).

(2) A reference in this section and sections 1290 to 1295 to a company's employee includes the holder of an office under that company, and “employment” is to be read accordingly.