# Income Tax (Trading and Other Income) Act 2005, Section 337: Income charged

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

(1) Tax is charged under this Chapter on the full amount of the profits arising in the tax year.
(2) This is subject to—
section 339 (deduction for management expenses of owner of mineral rights), ...
...

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/337 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-337
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.