There are currently no known outstanding effects for the Finance Act 2022, Paragraph 5.
5(1)Section 31B (relevant maximum for purposes of section 31A) is amended as follows.
(2)In subsection (6), for “where the basis period for a tax year is less than 12 months” substitute “where the trade, profession or vocation is carried on for only part of a tax year”.
(3)In subsection (7), in the definition of “universal credit claimant”, omit “the basis period for”.
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