Taxes Consolidation Act 1997 section 219B

Income of Investor Compensation Company Ltd

Section 219B exempts The Investor Compensation Company Limited from corporation tax on all its profits.

  • The Investor Compensation Company Limited was incorporated on 10 September 1998 under the Investor Compensation Act 1998.
  • All profits arising to the company in any accounting period ending on or after 10 September 1998 are exempt from corporation tax.
  • The exemption applies notwithstanding any other provision of the Corporation Tax Acts.
  • The company maintains a fund from which payments may be made to private clients of investment firms that are unable to meet their obligations.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.

Become a member