# Income Tax (Trading and Other Income) Act 2005, Section 331: Income charged

Extent: E+W+S+N.I.

(1) Tax is charged under this Chapter on the full amount of any adjustment income arising in the tax year.
(2) This is subject to section 334A (spreading on leaving cash basis and related election).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/331 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-331
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.