SCHEDULES
F1F1F2SCHEDULE 4A CREATIVE ARTISTS: RELIEF FOR FLUCTUATING PROFITS
Annotations:
Amendments (Textual)
F2
Sch. 4A inserted (11.5.2001) by Finance Act 2001 (c. 9), s. 71(2), Sch. 24 para. 1
4Years in respect of which claim may be made
1
An averaging claim may not be made in relation to a tax year if an averaging claim in respect of the same qualifying trade, profession or vocation has already been made in relation to a later tax year.
2
An averaging claim may not be made in relation to a tax year in which—
a
the taxpayer starts, or permanently ceases, to carry on the trade, profession or vocation, or
b
the trade, profession or vocation begins or ceases to be a qualifying trade, profession or vocation.
3
An averaging claim may be made in relation to a tax year which was the later year on a previous averaging claim.
Sch. 4A repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 342, Sch. 3 (with Sch. 2)