Related Commentary  Related HMRC Manuals

357CK  [Omitted by FA 2016, s. 64(6) and Sch. 9, para. 9.]


S. 357CK omitted by FA 2016, s. 64(6) and Sch. 9, para. 9, with effect in relation to accounting periods beginning on or after 1 July 2016, subject to the transitional and savings provisions in FA 2016, s. 64(8)–(14). Former s. 357CK read as follows:

“Deductions that are not routine deductions

357CK(1)  For the purposes of section 357CI a deduction is not a “routine deduction” if it falls within any of the Heads set out in–

(a)subsection (2) (loan relationships and derivative contracts),

(b)subsection (3) (R&D expenses),

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