# Income Tax (Trading and Other Income) Act 2005, Paragraph 424


(1) Amend section 15 (Class 4 contributions recoverable under the Income Tax Acts) as follows.
(2) In subsection (1)—
(a) for “annual profits or gains” substitute “ profits ”,
(b) omit the “and” at the end of paragraph (a),
(c) in paragraph (b) for “are profits or gains chargeable to income tax under Case I or Case II of Schedule D” substitute “ are profits chargeable to income tax under Chapter 2 of Part 2 of the Income Tax (Trading and Other Income) Act 2005 ”, and
(d) at the end of that paragraph insert
“and
(c) are not profits of a trade, profession or vocation carried on wholly outside the United Kingdom.”
(3) In subsections (2), (3) and (3A) omit “or gains” in each place where they occur.
(4) Omit subsection (4).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/424 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-424
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.