SCHEDULE

Income Tax (Trading and Other Income) Act 20055

In section 54(2) of ITTOIA 2005 (penalties and interest that are not deductible for the purposes of computing profits of a trade)8, for the entry relating to regulations made under section 71 of FA 2004, substitute—

“Interest under section 101 of FA 20099 in connection with sums required to be deducted under section 61 of FA 2004 (construction industry)”