Schedules
Schedule 10Calculation of trade profits etc
Part 1Main provisions
6Removal of turnover restrictions etc
In Chapter 3A of Part 2 of ITTOIA 2005 (trade profits: cash basis) omit—
a
section 31A (conditions to be met for profits to be calculated on cash basis) and the italic heading before it,
b
section 31B (relevant maximum), and
c
section 31D (effect of election under section 25A) and the italic heading before it.