BIM45520 - Specific deductions: insurance: employee indemnity
Premiums on a policy paid by the employer to indemnify employees against legal action taken against them personally for actions in the course of the employment are allowable as a deduction in computing the employer바카라 사이트™s trading profits. This is because the payments are not capital expenditure (see BIM35000) and they are incurred wholly and exclusively for the purposes of the trade (see BIM37000).