Corporation Tax Act 2010 section 357JE

Restriction on deductions

Section 357JE previously imposed restrictions on certain deductions but was effectively removed from the legislation with effect from 1 April 2017.

• Section 357JE formed part of the patent box regime within Corporation Tax Act 2010, working alongside section 357JD to restrict certain deductions.
• Both sections 357JD and 357JE were effectively omitted by Finance (No. 2) Act 2017, through section 18 and Schedule 4, paragraph 95.
• The removal of these provisions took effect for accounting periods beginning on or after 1 April 2017.
• For any accounting period straddling 1 April 2017, the old rules may still apply to the portion of the period before that date, but for periods starting from 1 April 2017 onwards, these restrictions no longer have effect.