S77, S79 Income Tax (Trading and Other Income) Act 2005, S77, S79 Corporation Tax Act 2009

If the right to a tax deduction is dependent on the statutory rules at BIM47205 or BIM47210, then it is given for the period of account in which the payment is made. Where the payment is made after discontinuance of the trade (or part of the trade) it is regarded for this purpose as made on the last day on which the trade or part trade is carried on.

Where instead a deduction is due under general principles a provision for future payments may be allowed as a deduction so long as:

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