Common use of NON-DEDUCTIBLE REVENUE OUTGOINGS Clause in Contracts

NON-DEDUCTIBLE REVENUE OUTGOINGS. The Company is not under any obligation to make any future payment which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-trading debit under Chapter II Part IV Finance Xxx 0000, by reason of any statutory provision, other than section 74(1)(f) ICTA 1988 (capital).

NON-DEDUCTIBLE REVENUE OUTGOINGS. The Company is not under any obligation to make any future payment which will be prevented (whether on the grounds of being a distribution distribution, or for any other reason) from being deductible for corporation tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-trading debit under Chapter II Part IV Finance Xxx 0000income, by reason of any statutory provision, other than section 74(1)(f) ICTA 1988 (capital).

NON-DEDUCTIBLE REVENUE OUTGOINGS. The Company is not under any obligation to make any future payment (in excess of £50,000) which will be prevented (whether on the grounds of being a distribution or for any other reason) from being deductible for corporation tax Tax purposes, whether as a deduction in computing the profits of a trade or as an expense of management or as a charge on income or as a non-non trading debit under Chapter II Part IV Finance Xxx 00005 CTA 2009 (loan relationships), by reason of any statutory provision, other than section 74(1)(f) ICTA 1988 53 CTA 2009 (capitalcapital expenditure).