Schedules

Schedule 10Calculation of trade profits etc

Part 2Minor and consequential amendments

Chapter 1Amendments of ITTOIA 2005

28Amendments of other provisions

In section 240B (meaning of “entering the cash basis”)—

a

in paragraph (a), for “an election under section 25A has effect” substitute “the cash basis applies”;

b

in paragraph (b), for “such an election does not have effect” substitute “the cash basis does not apply”.