SCHEDULES

SCHEDULE 1U.K.Minor and consequential amendments

Part 2U.K.Other enactments

Income Tax (Trading and Other Income) Act 2005 (c. 5)U.K.

598U.K.After section 79 insert—

79AAdditional payments: change in the persons carrying on the trade

(1)This section deals with the application of section 79 in circumstances where there is a change in the persons carrying on the trade.

(2)The employer is treated for the purposes of section 79 as permanently ceasing to carry on the trade unless a person carrying on the trade immediately before the change continues to carry it on after the change.