Related Commentary  Related HMRC Manuals

66A(1)  This section applies if–

(a)a person carrying on a trade, profession, vocation or property business (“the business”) leaves the cash basis in a chargeable period,

(b)the person has incurred expenditure at a time when the profits of the business are calculated on the cash basis,

(c)some or all of the expenditure was brought into account in calculating the profits of the business on the cash basis, and

(d)the expenditure would have been qualifying expenditure if the profits of the business had not been calculated on the cash basis at the time the expenditure was incurred.

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