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EA 4: Deferred payment of employment income
or “Rules for late payment of employee wages and salaries”
You could also call this:

“This subpart applies to businesses with trading stock”

This part of the law applies to you if you own or run a business and have trading stock. Trading stock means items that you intend to sell or exchange as part of your normal business activities. For example, if you have a shop, the products you sell would be your trading stock. This rule helps determine how to handle your trading stock for tax purposes.

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Next up: EB 2: Meaning of trading stock

or “What counts as goods for sale in your business”
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Part E Timing and quantifying rules
Valuation of trading stock (including dealer’s livestock)

EB 1When this subpart applies

  1. This subpart applies when a person who owns or carries on a business has trading stock for the purpose of selling or exchanging it in the ordinary course of the business.

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