Section 133 Meaning of “relevant period”
In this Chapter “relevant period”, in relation to a trade, means—
(a)
a period of account of the trade, or
(b)
if no accounts of the trade are drawn up for a period, F1... a tax year.
Annotations
Textual amendments
- F1
Words in s. 133(b) omitted (6.4.2024 for the tax year 2024-25 and subsequent tax years) by virtue of Finance Act 2022 (c. 3), Sch. 1 paras. 12, 61(1)
Notes on Chapter 9
Textual amendments
- F1
Pt. 2 Ch. 9: words in heading repealed (with effect as mentioned in ss. 46, 47 of the repealing Act) by Finance Act 2006 (c. 25), s. 178, {Sch. 26 Pt. 3(4) Note 1}