Corporation Tax Act 2009 section 91

Payments to Export Credits Guarantee Department

Section 91 allows companies to deduct certain payments made to the Export Credits Guarantee Department when calculating their trading profits for corporation tax purposes.

• Companies can deduct sums payable to the Export Credits Guarantee Department (ECGD) when calculating their trading profits.
• The deduction covers payments made under insurance agreements connected with overseas investment, arranged under the Export and Investment Guarantees Act 1991.
• The deduction also applies to payments made with a view to entering into such an agreement, not just payments under a finalised agreement.
• The deduction is available for any sum payable, meaning it applies on an accruals basis rather than only when amounts have actually been paid.