15.5.1 CTA 2009, Part 11

SIP plans fall outside the usual rules on corporation tax deductions set out in CTA 2009, Part 12 and instead have their own regime of rules in CTA 2009, Part 11, Chapter 1, which forms part of the SIP Code.

Where relief is allowed under Part 11, it is given as a deduction in the companyʼs corporation tax calculations, while deemed receipts arising from the SIP are treated as taxable income in the companyʼs hands.

Part 11 allows reliefs for the following expenses:

the costs associated with establishing a Schedule 2 SIP;

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