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Employee litigation and restructuring costs deductible?

Hi everyone,

I have been researching this since morning, and I guess there is something wrong with my researching skills. I haven't been able to find an answer to this question.

My company has recently incurred legal fees in relation to
1.employee restructuring, i.e. redundancy advice
2.individual employee litigations

Are these costs tax deductible for Corporation tax purposes?

Is there a HMRC manual number that I can refer to or a legislation reference please?

I would be very grateful if you could help me with this.

Many Thanks
S
 

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You should be ok - all for the benefit of the companys trade

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15th Aug 2012 09:09

Thanks

Thank you. Is there a reference in the legislation or HMRC manuals that I can quote?

Regards

Supriya

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All the guidelines are here. there is nothing exact, but the principles are laid out!

http://www.hmrc.gov.uk/manuals/bimmanual/BIM46400.htm

 

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