Schedules

Schedule 10Calculation of trade profits etc

Part 2Minor and consequential amendments

Chapter 2Amendments of other Acts

40CAA 2001

In section 4(2ZA)(a) (capital expenditure)—

a

for “an election under section 25A of ITTOIA 2005 has effect” substitute “the cash basis applies”;

b

at the end insert “(see section 24A of ITTOIA 2005)”.