188 Application of Chapter
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

188  Application of Chapter

(1)     This Chapter applies if—

(a)     an amount received by, or owed to, a person carrying on a trade (“the trader”) is brought into account as a receipt in calculating the profits of the trade,

(b)     the amount is paid or owed in a

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