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HMRC internal manual

Employment Income Manual

Deductions: directors' and officers' liabilities: no relief due on matters that it is unlawful to insure against

Section 346(2) ITEPA 2003

Liabilities such as fines and penalties and some costs and expenses associated withthem cannot lawfully be covered by insurance. The legislation does not allow deductions inrespect of such liabilities, costs and expenses. (This content has been withheld because of exemptions in the Freedom of Information Act 2000)