Finance Leasing Manual - FLM21.03

Schedule A: basis for recognising income

There are two different bases for recognising income taxable under Schedule A:

• 'new' Schedule A, which applies to income tax cases (e.g. individuals, trustees, non-resident companies) as from 1995/96 and to corporation tax cases as from 1 April 1998, see FLM21.15

• 'old' Schedule A, which applies to earlier periods, see FLM21.05.