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”
.