Section 357YB | Restitution interest chargeable as income

(1)Profits arising to a company which consist of restitution interest are chargeable to tax as income under this Part (regardless of whether the profits are of an income or capital nature).

(1A)In subsection (1) the reference to a company does not include a charitable company.

(2)In this Part references to “profits” are to be interpreted in accordance with section 2(2) of CTA 2009.