Section 31 Relationship between rules prohibiting and allowing deductions
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(1) Any relevant permissive rule in this Part—
(a) has priority over any relevant prohibitive rule in this Part, but
(b) is subject to [section 36 (unpaid remuneration), section 38 (employee benefit contributions), section 48 (car ...1 hire) and section]2 55 (crime-related payments).
Amendments
1 Omitted by Finance Act 2009 section 30 and Schedule 11 para 35 in relation to expenses incurred on the hiring of a car or motorcycle under an agreement under which the hire period begins on or after 6 April 2009.
2 Substituted by Finance Act 2007 section 67(2) for 2007-08 and later tax years.
(2) In this section “any relevant permissive rule in this Part” means any provision of—
(a) Chapter 5 (apart from sections 60 to 67),
(b) Chapter 11, or
(c) Chapter 13,
which allows a deduction in calculating the profits of a trade.
(3) In this section “any relevant prohibitive rule in this Part”, in relation to any deduction, means any provision of this Part (apart from sections [36, 38]1, 48 and 55) which might otherwise be read as—
(a) prohibiting the deduction, or
(b) restricting the amount of the deduction.
Amendments
1 Inserted by Finance Act 2007 section 67(3) for 2007-08 and later tax years.
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