SCHEDULES
SCHEDULE 4A CREATIVE ARTISTS: RELIEF FOR FLUCTUATING PROFITS
Circumstances in which claim may be made
3
(1)
An averaging claim may be made if the taxpayer has been carrying on the qualifying trade, profession or vocation in two consecutive tax years and either—
(a)
his relevant profits for one of the tax years are less than 75% of his relevant profits for the other, or
(b)
his relevant profits for one (but not both) of the tax years are nil.
(2)
For the purposes of paragraph 4 (years in respect of which averaging claim may be made) an averaging claim relates to both of the years involved.