Section 32A Application of Chapter to the cash basisF1

The following sections do not apply in calculating the profits of a trade on the cash basis—

• section 33 (capital expenditure),

• section 35 (bad and doubtful debts),

• sections 36 and 37 (unpaid remuneration),

• section 43 (employee benefit contributions: profits calculated before end of 9 month period),

• sections 48 to 50B (car hire).

For rules restricting deductions that apply only where profits are calculated on the cash basis, see F2...

• section 33A (cash basis: capital expenditure).

• F3...