Schedules

Schedule 10U.K.Calculation of trade profits etc

Part 2U.K.Minor and consequential amendments

Chapter 2U.K.Amendments of other Acts

CAA 2001U.K.

40In 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)”.