199First tax year
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(1)The basis period for the tax year in which a person starts to carry on a trade—
(a)begins with the date on which the person starts to carry on the trade, and
(b)ends with 5th April in the tax year.
(2)But if a person starts and permanently ceases to carry on a trade in the same tax year, the basis period for the tax year is that given by section 202(2).