# Income Tax Act 2007, Section 112: Meaning of “early tax year”

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

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) In this Chapter “early tax year” means, in relation to an individual carrying on a trade—
(a) the tax year in which the individual first started to carry on the trade, or
(b) one of the next 3 tax years.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/112 (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-112
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.