Finance Act 2022 (c. 3)

SCHEDULES

SCHEDULE 1 U.K. Abolition of basis periods

PART 2 U.K. Other amendments of ITTOIA 2005

Part 2 (trading income) U.K.

16 In section 240C (unrelieved qualifying expenditure: Parts 2, 7 and 8 of CAA 2001), in subsection (1)(b)—

(a) omit “the basis period for”;

(b) for “with that basis period” substitute “in that tax year”.