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EW 55: Effect of being cash basis person
or “How being a cash basis person affects your financial reporting options”
You could also call this:

“This provision about individual taxpayers and anti-avoidance rules has been removed”

This section of the law, called EW 56, used to be about a ‘Natural person’ in relation to ‘Consideration when anti-avoidance provision applies’ for the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 1 April 2009. They did this through a change made by another law called the Taxation (Business Tax Measures) Act 2009.

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Next up: EW 57: Thresholds

or “Thresholds for financial arrangements and their tax treatment”
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Part E Timing and quantifying rules
Financial arrangements rules: Consideration when anti-avoidance provision applies

EW 56Natural person (Repealed)

    Notes
    • Section EW 56: repealed, on , by section 10(1) of the Taxation (Business Tax Measures) Act 2009 (2009 No 5).