Section 32A | Application of Chapter to the cash basis

(1)The following sections do not apply in calculating the profits of a trade on the cash basis—

section 33 (capital expenditure),

section 35 (bad and doubtful debts),

sections 36 and 37 (unpaid remuneration),

section 43 (employee benefit contributions: profits calculated before end of 9 month period),

sections 48 to 50B (car hire).

(2)For rules restricting deductions that apply only where profits are calculated on the cash basis, see ...

section 33A (cash basis: capital expenditure).