Section 331 Income charged
United Kingdom
F1(1)
Tax is charged under this Chapter on the full amount of any adjustment income arising in the tax year.
F2(2)
This is subject to section 334A (spreading on leaving cash basis and related election).
Annotations
Textual amendments
- F1
S. 331(1): s. 331 renumbered as s. 331(1) (16.11.2017) (with effect in accordance with Sch. 2 para. 64 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 2 para. 28(a)
- F2
S. 331(2) inserted (16.11.2017) (with effect in accordance with Sch. 2 para. 64 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 2 para. 28(b)