CTM41275 - Particular bodies: Trade unions and eligible employers’ associations: Provident benefits - method of allowing relief
Relief for provident benefits is available against income and chargeable gains which are otherwise liable to CT.
Give relief according to the income and expenditure in the accounting period. This is covered in CTM41260.
When relief is set off against income or capital gains liable for CT, only assess the amount that exceeds the provident benefits.