Expenses of management (i.e. deductible management expenses) include certain expenses by operation of statute; this includes ‘commissions’ and the following expenses:

any statutory redundancy payment and corresponding employer’s other payments in excess of the recoverable rebate (including payments after discontinuance of trade);

any payment which is made after discontinuance of trade in addition to a statutory redundancy payment or other employer’s payment up to three times the redundancy payment or other employer’s payment provided it would be deductible under general principles if made before discontinuance;

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