31 Relationship between rules prohibiting and allowing deductions
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Rules relating to deductions]

31  Relationship between rules prohibiting and allowing deductions

(1)     Any relevant permissive rule in this Part—

(a)     has priority over any relevant prohibitive rule in this Part, but

(b)     is subject to [section 36 (unpaid remuneration), section 38 (employee benefit contributions), section 48 (car . . . hire) and section] 55 (crime-related payments).

[(1A)     But, if the relevant permissive rule would allow a deduction

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Community order requirements

Community order requirementsThis Practice Note reflects the procedural code for sentencing offenders in England and Wales (Sentencing Code) that applies from 1 December 2020, as set out in Parts 2–13 of the Sentencing Act 2020 (SA 2020). For those considering whether the Sentencing Code applies to

LEXISNEXIS

179. List of offences triable either way.

  Without prejudice to any other enactment by virtue of which any offence is triable either way1, the following offences are triable either way2:  (1)     offences at common law of public nuisance3;  (2)     an offence at common law of

LEXISNEXIS

What is electronic money?

What is electronic money?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant

LEXISNEXIS

In a business-to-business contract where a contractual long-stop date has passed but the parties wish to

In a business-to-business contract where a contractual long-stop date has passed but the parties wish to continue with the contract, should they document their intention to continue or enter into a new contract?Long-stop dateAs stated in the Drafting Notes to clause: Long-stop date definition, the