29U.K.ITTOIA 2005 is amended as follows.
Commencement Information
I1Sch. 27 para. 29 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I2Sch. 27 para. 29 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2
30U.K.In the italic heading before section 54, for “, interest and VAT surcharges” substitute “ and interest ”.
Commencement Information
I3Sch. 27 para. 30 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I4Sch. 27 para. 30 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2
31U.K.In section 54 (penalties, interest and VAT surcharges)—
(a)in the heading, for “, interest and VAT surcharges” substitute “ and interest ”;
(b)omit subsection (3).
Commencement Information
I5Sch. 27 para. 31 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I6Sch. 27 para. 31 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2
32U.K.In section 272 (application of trading income rules: GAAP), in the table in subsection (2), in the entry for section 54, in the second column, for “, interest and VAT surcharges” substitute “ and interest ”.
Commencement Information
I7Sch. 27 para. 32 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I8Sch. 27 para. 32 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2
33U.K.In section 272ZA (application of trading income rules: cash basis), in the table in subsection (1), in the entry for section 54, in the second column, for “, interest and VAT surcharges” substitute “ and interest ”.
Commencement Information
I9Sch. 27 para. 33 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I10Sch. 27 para. 33 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2
34U.K.In the italic heading before section 869, for “, interest and VAT surcharges” substitute “ and interest ”.
Commencement Information
I11Sch. 27 para. 34 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I12Sch. 27 para. 34 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2
35U.K.In section 869 (penalties, interest and VAT surcharges: non trades etc)—
(a)in the heading, for “, interest and VAT surcharges” substitute “ and interest ”;
(b)omit subsection (5).
Commencement Information
I13Sch. 27 para. 35 in force at 1.1.2023 for specified purposes by S.I. 2022/1278, reg. 2(3)(4)(b)
I14Sch. 27 para. 35 in force at 6.4.2024 for specified purposes by S.I. 2024/440, reg. 2