541 Calculation of deficiencies
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

541  Calculation of deficiencies

(1)     This section sets out how the amount of a deficiency treated as arising under section 540(1) on a chargeable event (“the later event”) is calculated.

(2)     If, when the calculation in section 491(2) is made for the later event, the total allowable

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