PART IVPROVISIONS RELATING TO THE SCHEDULE D CHARGE
CHAPTER VIIIMISCELLANEOUS AND SUPPLEMENTAL
127Enterprise allowance
1
This section applies to—
a
payments known as enterprise allowance and made by the Manpower Services Commission in pursuance of arrangements under section 2(2)(d) of the [1973 c. 50.] Employment and Training Act 1973; and
b
corresponding payments made in Northern Ireland by the Department of Economic Development.
2
Any such payment which would (apart from this section) be charged to tax under Case I or II of Schedule D shall be charged to tax under Case VI of that Schedule.
3
Nothing in subsection (2) above shall prevent such a payment—
a
being treated for the purposes of section 623(2)(c) or 833(4)(c) as immediately derived from the carrying on or exercise of a trade, profession or vocation; or
b
being treated for the purposes of paragraph 1 of Schedule 19 as trading income.