Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 4 U.K. Cash basis for small businesses

PART 1 U.K. Main provisions

Telecommunication rights U.K.

26 U.K. In Chapter 10 (trade profits: certain telecommunication rights), before section 145 insert—

“144A Chapter not to apply where cash basis used

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