Free legislation on LexisWeb is as enacted and does not take into account any amendments

Full Table of Contents

Periods of account not ending on 5th April820Periods of account not ending on 5th April

Sections 822 and 823 (which deal with the period of account of a trade not ending on 5th April) apply if—

(a)    an individual qualifies for foster-care relief for a tax year,

(b)    the individual's foster-care receipts for the tax year are the receipts of a trade, and

(c)    the period of account in which those receipts accrue does not end on 5th April in the tax year.

NOTES
Initial Commencement
Specified date

This Act comes into force on 6 April 2005 and has effect, for the purposes of income tax for the year 2005–06 and subsequent tax years, and for the purposes of corporation tax for accounting periods ending after 5 April 2005: see s 883; for transitional provisions and savings see Sch 2 hereto.
Exempt Income92 Income Tax Allowances, Deductions & Reliefs93 Company Law & Business Entities92 Personal Taxes93 Companies & Corporate Bodies92 Income Tax99 Trading Income93 Tax Law99

Full Table of Contents

Lexis®Library

  • Authoritative guides to the status of statutory provisions and their meaning from a range of titles from Butterworths, Halsbury's Statutes and TolleyView other related LexisLibrary annotations
  • The current law in England and Wales, consolidated by the incorporation of amendments into existing legislation, by an expert team of editorsView Consolidated Version
  • Indicates the date on which a section of an enactment was brought into force, powered by Halsbury's Is It In ForceView current status of this Act
  • Cases related to this particular case that are related to, or discuss this caseView related cases
  • Official explanatory notes that further explain the effects of the Act and summarise what the Act sets out to achieveView official explanatory notes
  • Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView all related commentary
  • An authoritative guide to the status of statutory provisions and their meaning, including definitions, cross-references and information on commencement and amendmentView Halsbury Statutes Citator
  • Subordinate legislation is made under the authority of a provision (or provisions) of an Act (or Acts) of ParliamentView all subordinate legislation