Part IV Income Tax, Corporation Tax and Capital Gains Tax
Chapter I Principal provisions
Abolition of Schedule C charge etc.
79 Abolition of Schedule C charge etc.
1
The charge to tax under Schedule C is abolished—
a
for the purposes of income tax, for the year 1996-97 and subsequent years of assessment;
b
for the purposes of corporation tax, for accounting periods ending after 31st March 1996.
2
Schedule 7 to this Act (which, together with Chapter II of this Part of this Act, makes provision for imposing a charge under Schedule D on descriptions of income previously charged under Schedule C, and makes connected amendments) shall have effect.