[1112C Calculation of relevant PAYE and NIC liabilities]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[1112C  Calculation of relevant PAYE and NIC liabilities]

[(1)     This section determines the amount of a company's relevant PAYE and NIC liabilities for a payment period for the purposes of section 1112B.

(2)     The amount is to be calculated as follows.

Step 1
Take the total amount of the company's PAYE and NIC liabilities for the payment period (see section 1112D).

Step 2
Add any amount produced by the application of subsection (4) or (6) to the company as company A.

Step 3
Deduct any amount produced by the application of subsection (4) or (6) to the company as company B.

(3)     An amount is produced by subsection (4) where—

(a)     two companies (“company

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