Corporation Tax Act 2009 section 599A

Amounts not fully recognised for accounting purposes: introduction

Section 599A introduces the rule in section 599B, which adjusts the tax credits and debits a company must bring into account for derivative contracts where, as a result of tax avoidance arrangements, amounts relating to those contracts are not fully recognised in the company's accounts.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.