SCHEDULES

F1F1F2SCHEDULE 4A CREATIVE ARTISTS: RELIEF FOR FLUCTUATING PROFITS

Annotations:
Amendments (Textual)
F1

Sch. 4A repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 342, Sch. 3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)

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.