1303 Penalties, interest and VAT surcharges [and interest]
Corporation Tax Act 2009 (2009 c 4) | Legislation

1303  Penalties, interest and VAT surcharges [and interest]

(1)     In calculating profits for any corporation tax purpose, no deduction is allowed for any penalty or interest mentioned in the first column of the following table.

(2)     This is the table—

Penalty or interestDescription of tax, levy or duty
Penalty under any of sections 60 to 70 of VATA 1994Value added tax
[Interest under section 101 of
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