570 Payments under certified schemes which are not repayments of contributions
Income and Corporation Taxes Act 1988 (1988 c 1) | Legislation

570  Payments under certified schemes which are not repayments of contributions

(1)     Subject to the provisions of this section, where, under any scheme which is for the time being certified or has at any time been certified by the Secretary of State under section 568, any payment (not being a payment made by way of repayment of contributions) is made to a person carrying on a trade to which the scheme relates, that payment shall be treated for the purposes of the Tax Acts as a trading receipt of the trade, and shall accordingly be taken into account in computing the [profits] of the trade for those purposes.

(2)     Where .Ìý.Ìý. the payments which have been

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