Application of this Part of this ScheduleU.K.
62(1)This Part of this Schedule applies in relation to a person (“the trader”) who—
(a)starts to carry on a trade (alone or in partnership) in the tax year 2023-24, and
(b)does not permanently cease to carry on the trade in that tax year.
(2)This Part of this Schedule applies to professions and vocations as it applies to trades.