[F1 PART 8C U.K. Restitution interest

Textual Amendments

F1 Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)

CHAPTER 1 U.K. Amounts taxed as restitution interest]

357YA Charge to corporation tax on restitution interest U.K.

[F2 (1)] The charge to corporation tax on income applies to restitution interest arising to a company.

[F3 (2) In subsection (1) the reference to a company does not include a charitable company.]

Textual Amendments

F2 S. 357YA renumbered as s. 357YA(1) (with effect in accordance with reg. 2 of the amending S.I.) by The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2017 (S.I. 2017/364), regs. 1, 5(a)

F3 S. 357YA(2) inserted (with effect in accordance with reg. 2 of the amending S.I.) by The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2017 (S.I. 2017/364), regs. 1, 5(b)