[40A Payments to company directors]
Corporation Tax Act 2009 (2009 c 4) | Legislation

[40A  Payments to company directors]

[(1)     This section applies where—

(a)     a company (“the paying company”) makes a payment to, or for the benefit of, a director of the paying company in respect of the director's employment as a director of the paying company,

(b)     the payment would otherwise be employment income of the director chargeable to tax under Part 2 of ITEPA 2003,

(c)     the director was or is a member of a firm, or was appointed by a company (“the appointing company”) other than the

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