This section has no associated Explanatory Notes
502(1)Amend section 232 (treatment of trading adjustment income) as follows.U.K.
(2)In subsection (3) for “Chapter 1 of Part 10 of ICTA” substitute “ Part 4 of ITA 2007 ”.
(3)In subsection (4) for the words from “the trade” to the end substitute “ the trade is relevant UK earnings within section 189(2)(b) of FA 2004, adjustment income is similarly relevant UK earnings. ”