# Finance Act 2024, Paragraph 25: Amendments of other provisions

Extent: E+W+S+N.I.

In section 227A (application of Chapter 17 of Part 2 where cash basis used), in subsection (1)—
(a) for paragraph (a) substitute—
“(a) the cash basis does apply in relation to a trade for a tax year but does not apply in relation to the trade for the following tax year.”
(b) for paragraph (b) substitute—
“(b) the cash basis does not apply in relation to a trade for a tax year but does apply in relation to the trade for the following tax year.”

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Source: https://www.legislation.gov.uk/ukpga/2024/3/schedule/10/paragraph/25 (the official version)
Page: https://openlegislation.uk/finance-act-2024/schedule-10/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.