# Income and Corporation Taxes Act 1988, Paragraph 7


The provisions of this Part of this Schedule shall have effect where—
(a) a contribution is paid under a scheme in respect of a trade; and
(b) before the contribution is paid, payments have been made under the scheme to the person carrying on the trade; and
(c) reductions have been made, under Part II of this Schedule, in the amounts which, by reason of those payments, are to be treated as trading receipts of the trade.

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/21/paragraph/7 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-21/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.