F1PART 8CRestitution interest
Annotations:
Amendments (Textual)
CHAPTER 1Amounts taxed as restitution interest
357YBRestitution interest chargeable as income
1
Profits arising to a company which consist of restitution interest are chargeable to tax as income under this Part (regardless of whether the profits are of an income or capital nature).
2
In this Part references to “profits” are to be interpreted in accordance with section 2(2) of CTA 2009.
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)