F1PART 6AHybrid and other mismatches
Annotations:
Amendments (Textual)
CHAPTER 7Hybrid payee deduction/non-inclusion mismatches
Counteraction
259GCCounteraction where the payer is within the charge to corporation tax for the payment period
1
This section applies where the payer is within the charge to corporation tax for the payment period.
2
For corporation tax purposes, the relevant deduction that may be deducted from the payer's income for the payment period is reduced by an amount equal to the hybrid payee deduction/non-inclusion mismatch mentioned in section 259GA(5).
Pt. 6A inserted (with effect in accordance with Sch. 10 paras. 18-21 of the amending Act) by Finance Act 2016 (c. 24), Sch. 10 para. 1