Section 227A | Application of Chapter where cash basis used ^F1

(1)This Chapter applies if—

(a)the cash basis does apply in relation to a trade for a tax year but does not apply in relation to the trade for the following tax year.^F2

(b)the cash basis does not apply in relation to a trade for a tax year but does apply in relation to the trade for the following tax year.^F3

(2)But this Chapter does not apply to income which is charged in accordance with section 832.

(3)This section is subject to section 227C (application of Chapter where section 227B applies).^F4