# Income Tax Act 2007, Paragraph 502


(1) Amend section 232 (treatment of trading adjustment income) as follows.
(2) In subsection (3) for “Chapter 1 of Part 10 of ICTA” substitute “ Part 4 of ITA 2007 ”.
(3) In subsection (4) for the words from “the trade” to the end substitute “ the trade is relevant UK earnings within section 189(2)(b) of FA 2004, adjustment income is similarly relevant UK earnings. ”

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Source: https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/502 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/schedule-1/paragraph-502
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.