SCHEDULE 1Consequential Amendments and Supplemental Provisions – Primary Legislation

Income Tax (Trading and Other Income) Act 2005

440.

(1)

Section 218 (commercial reasons for change of accounting date) is amended as follows.

(2)

In subsection (5)—

(a)

after “appeal” insert “that is notified to the tribunal”;

(b)

in paragraph (a)—

(i)

for “Commissioners are” substitute “tribunal is”;

(ii)

for “they” substitute “the tribunal”; and

(c)

in paragraph (b)—

(i)

for “they are” substitute “the tribunal is”;

(ii)

for “they may” substitute “the tribunal may”.