# Finance Act 1996, Section 79: Abolition of Schedule C charge etc.


(1) The charge to tax under Schedule C is abolished—
(a) for the purposes of income tax, for the year 1996-97 and subsequent years of assessment;
(b) for the purposes of corporation tax, for accounting periods ending after 31st March 1996.
(2) Schedule 7 to this Act (which, together with Chapter II of this Part of this Act, makes provision for imposing a charge under Schedule D on descriptions of income previously charged under Schedule C, and makes connected amendments) shall have effect.

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Source: https://www.legislation.gov.uk/ukpga/1996/8/section/79 (the official version)
Page: https://openlegislation.uk/finance-act-1996/section-79
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.