SCHEDULES

SCHEDULE 4Cash basis for small businesses

PART 1Main provisions

Rules restricting deductions

11

1

Section 55A (expenditure on integral features) is amended as follows.

2

The existing provision becomes subsection (1).

3

After that subsection insert—

2

But section 33A(3) of CAA 2001 does not apply in calculating the profits of a trade on the cash basis.