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.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 section 111AX
Transitional relief for substance-based income exclusion
Section 111AX provides transitional relief by setting out the higher percentages used to calculate the payroll and tangible asset carve-outs for the substance-based income exclusion during a ten-year transition period from 2023 to 2032.
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.