Related Commentary  Related HMRC Manuals

996A(1)  This section applies where a company, in any accounting period–

(a)is the controller of a relevant event or activity that constitutes or is part of a sporting testimonial, and

(b)makes a relevant sporting testimonial payment out of money raised by the sporting testimonial.

996A(2)  In this section “relevant sporting testimonial payment” means a sporting testimonial payment that is (or so much of it as is) made out of proceeds of a relevant event or activity which are brought into account in determining the companyʼs total profits or any component of its total profits.

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