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Legislation

Income Tax (Trading and Other Income) Act 2005

Crossheading Adjustment on change of basis

Find in this level

Section 227 Application of Chapter
Section 227A Application of Chapter where cash basis used
Section 227B Cash basis treatment: full relief under Chapter 1 of Part 6A (trading allowance)
Section 227C Application of Chapter where section 227B applies
Section 228 Adjustment income and adjustment expense
Section 229 Income charged
Section 230 Person liable
Section 231 Calculation of the adjustment

Adjustment on change of basis
Person liable

Section 230 | Person liable

From legislation.gov.uk

The person liable for any tax charged under this Chapter is the person receiving or entitled to the adjustment income.