Part 2 U.K. Trading income

Chapter 16 U.K. Averaging profits of farmers and creative artists

[F1 221A Claim not available where cash basis used U.K.

Nothing in this Chapter applies in calculating the profits of a trade on the cash basis.]

Textual Amendments

F1 S. 221A inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by Finance Act 2013 (c. 29), Sch. 4 para. 32