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Official guidance
Business Income Manual

BIM30500 · Measuring the profits (general rules): statutory rules: introduction and layout of guidance

  • BIM30505 · Measuring the profits (general rules): statutory rules: charging provisions
  • BIM30510 · Measuring the profits (general rules): statutory rules: basic computational rule
  • BIM30515 · Measuring the profits (general rules): statutory rules: receipts and expenses
  1. Measuring the profits (general rules): statutory rules: introduction and layout of guidance: contents
  2. Measuring the profits (general rules): statutory rules: charging provisions

BIM30505 | Measuring the profits (general rules): statutory rules: charging provisions

From HM Revenue & Customs · Business Income Manual

The main provisions charging Income Tax and Corporation Tax on trade profits are S5-S7 Income (Trading and Other Income) Act 2005 and S35 Corporation Tax Act 2009 respectively. These provisions are described at BIM14000 onwards. See in particular BIM15040 and BIM15050 onwards.

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