SCHEDULES

SCHEDULE 19Management: other amendments

Part IIAmendments of Taxes Act 1988

Time limits for claims under section 96

37

(1)

In subsection (8) of section 96 of the Taxes Act 1988 (farming and market gardening: relief for fluctuating profits)—

(a)

for the words “two years after the end of” there shall be substituted the words “twelve months from the 31st January next following”; and

(b)

for the words “before the end of” there shall be substituted the words “before the 31st January next following”.

(2)

This paragraph has effect where the first of the two years of assessment to which the claim relates is the year 1996-97 or any subsequent year.