{
  "url": "https://openlegislation.uk/income-tax-relevant-maximum-for-calculating-trade-profits-on-the-cash-basis-order-2017/article-2",
  "json_url": "https://openlegislation.uk/income-tax-relevant-maximum-for-calculating-trade-profits-on-the-cash-basis-order-2017/article-2.json",
  "legislation": "uksi/2017/293",
  "legislation_title": "The Income Tax (Relevant Maximum for Calculating Trade Profits on the Cash Basis) Order 2017",
  "legislation_url": "https://openlegislation.uk/income-tax-relevant-maximum-for-calculating-trade-profits-on-the-cash-basis-order-2017",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Amount of the relevant maximum",
  "text": "(1) Section 31B of the Income Tax (Trading and Other Income) Act 2005 is amended as follows.\n(2) In subsections (3) and (4) after “is greater than” insert “the higher of £300,000 or”.\n(3) In subsection (5)—\n(a) in paragraph (a) at the beginning insert “the higher of £150,000 or”, and\n(b) in paragraph (b) after “in the tax year,” insert “the higher of £300,000 or”.\n(4) In subsection (6) for “the VAT threshold is” substitute “amounts specified in subsections (3), (4) and (5) and the VAT threshold are”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/293/article/2",
    "retrieved_at": "2026-10-28T23:13:53.318860+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}