Part 2

Trading income
Chapter 11

Trade profits: other specific trades

Cash basis accounting

Application of Chapter to the cash basis
148K
The following sections do not apply in calculating the profits of a trade, profession or vocation on the cash basis—
- sections 149 to 154A (dealers in securities
etc
),
- section 157 (relief in respect of mineral royalties),
- section 158 (lease premiums
etc
: reduction of receipts),
- section 159 (ministers of religion),
- section 161 (mineral exploration and access),
- section 162 (payments by persons liable to pool betting duty),
- sections 163 and 164 (intermediaries treated as making employment payments),
- section 164A (managed service companies),
- sections 165 to 168 (waste disposal),
- sections 169 to 172ZE (cemeteries and crematoria).
S. 148K and cross-heading inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by Finance Act 2013 (c. 29), Sch. 4 para. 28