It was announced in the March 2015 Budget that the government plans to extend the period over which self-employed farmers can average their profits for income tax purposes from two years to five years. The government has launched a consultation which considers ways in which the extension could be designed and implemented.
The change to the averaging rules is expected to come into effect from 6 April 2016.
Internet link: GOV.UK farmers averaging
Coronavirus / Covid-19
We have set out the steps we have taken to minimise the impact of Covid-19, together with details of support for our clients.
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How we can help
If your charity is in London or the surrounding areas we can help you. Contact us at Edward Amber to find out more.