Related Commentary  Related HMRC Manuals

6(1)  In this Act “chargeable period”  means–

(a)for income tax purposes, a period of account, or

(b)for corporation tax purposes, an accounting period of a company.

6(2)  “Period of account”  means–

(a)in the case of a person entitled to an allowance or liable to a charge in calculating the profits of his trade, profession or vocation, a period for which accounts are drawn up for the purposes of the trade, profession or vocation, and

(b)in the case of any other person entitled to an allowance or liable to a charge, a tax year.

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