A charge to income tax applies to trading profits disguised as other receipts from 6 April 2017. The provisions apply to professions and vocations as well as to trades.

In addition, where loans or quasi-loans to traders were made on or after 6 April 1999, but before 6 April 2017, and they remain outstanding at 5 April 2019, the amounts will be treated as a relevant benefit under these provisions (see ¶228-750).

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