SCHEDULES

SCHEDULE 4 U.K.Cash basis for small businesses

PART 1 U.K.Main provisions

Oil activities U.K.

34 U.K.In Chapter 16A (oil activities), before section 225A (and the italic heading preceding it) insert—

“Application of Chapter U.K.

225ZH Chapter not to apply where cash basis used

Nothing in this Chapter applies in calculating the profits of a trade on the cash basis.”