SCHEDULES
SCHEDULE 17

Minor amendments of or connected with the Income Tax (Earnings and Pensions) Act 2003

Computation of profits or gains under Schedule D: delayed payment of remuneration
4
1
In section 43 of the Finance Act 1989 (c. 26)
(Schedule D: computation)—
a
in subsection (1) for “profits or gains of a trade to be charged under Schedule D” substitute “ profits or gains to be charged under Schedule D ”, and
b
in subsection (5) omit “of the trade”.
2
This amendment (which corrects an error in the amendment made by paragraph 157 of Schedule 6 to the Income Tax (Pensions and Earnings) Act 2003 (c. 1)) has effect—
a
for the purposes of income tax, for the year 2004-05 and subsequent years of assessment;
b
for the purposes of corporation tax, for accounting periods ending after 5th April 2004.