Income Tax (Earnings and Pensions) Act 2003 Schedule 5 paragraph 17

Excluded activities: wholesale and retail distribution

Paragraph 17 of Schedule 5 supplements paragraph 16(b) by defining wholesale and retail distribution trades and setting out how to determine whether such a trade is an "ordinary" trade of wholesale or retail distribution for the purposes of the excluded activities rules.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.