Section 48: Receipts and expenses
208.This section is based on section 46 of FA 1998. The corresponding rule for income tax is in section 27 of ITTOIA.
208.This section is based on section 46 of FA 1998. The corresponding rule for income tax is in section 27 of ITTOIA.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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