Income Tax (Trading and Other Income) Act 2005 section 160

Section 820 of ICTA

Section 160 ensures that the Income Tax (Trading and Other Income) Act 2005 is treated as continuing in force from year to year, by applying the same continuity rule found in section 820 of the Income and Corporation Taxes Act 1988.

• Section 820 of ICTA provides that the Income Tax Acts remain in force from one tax year to the next without needing to be re-enacted annually.
• This paragraph extends that year-to-year continuity rule so that it also applies to ITTOIA 2005.
• The Act is treated as if it were already in force on 5th April 2005, the day before the 2005-06 tax year began.
• The practical effect is to ensure there is no gap in the operation of the Act and that it applies seamlessly from the start of the 2005-06 tax year onwards.