[133C The disclosure condition]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[133C  The disclosure condition]

[(1)     In relation to expenses incurred by a company (“company A”) in respect of amounts of relevant compensation, the “disclosure condition” is met if—

(a)     a relevant document indicates that the company—

(i)     is or has been, or

(ii)     will become,

liable to pay compensation in respect of a particular matter and the relevant compensation can reasonably be regarded as relating to that matter, or

(b)     a relevant document refers to disciplinary action taken or to be taken by a regulator in respect of a particular matter and the relevant compensation can reasonably be regarded as relating to that matter.

(2)     A disclosure in a relevant document is to be disregarded for the purposes of paragraph (a) of subsection (1) if the disclosure is concerned with

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