Finance Act 2024 (c. 3)

Schedules

Schedule 10 U.K. Calculation of trade profits etc

Part 1 U.K. Main provisions

Removal of turnover restrictions etc U.K.

6 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.