{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-148K",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-148K.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/148K",
  "kind": "section",
  "number": "148K",
  "heading": "Application of Chapter to the cash basis",
  "text": "The following sections do not apply in calculating the profits of a trade, profession or vocation on the cash basis—\nsections 149 to 154A (dealers in securities etc),\nsection 157 (relief in respect of mineral royalties),\nsection 158 (lease premiums etc: reduction of receipts),\nsection 159 (ministers of religion),\nsection 161 (mineral exploration and access),\nsection 162 (payments by persons liable to pool betting duty),\nsections 163 and 164 (intermediaries treated as making employment payments),\nsection 164A (managed service companies),\nsections 165 to 168 (waste disposal),\nsections 169 to 172ZE (cemeteries and crematoria).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 148K and cross-heading inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by Finance Act 2013 (c. 29), Sch. 4 para. 28"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/148K",
    "retrieved_at": "2026-10-29T09:16:32.370392+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."
}