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Farmers Averaging of Profits

It was announced in the March 2015 Budget that the government plans to extend the period over which self-employed farmers can average their profits for income tax purposes from two years to five years. The government has launched a consultation which considers ways in which the extension could be designed and implemented.

The change to the averaging rules is expected to come into effect from 6 April 2016.

Internet link: GOV.UK farmers averaging

Latest News for Business Archive

04 Nov 2019

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On 25 October 2019 the Chancellor of the Exchequer Sajid Javid wrote to the Treasury Select Committee.

04 Nov 2019

Christa Ackroyd loses IR35 appeal

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04 Nov 2019

Clamp down on enablers of tax avoidance schemes

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