BIM73000 - Averaging: contents

Averaging is a relief available to individuals who are farmers or people who personally create literary or artistic works. It works by computing the total tax due for two consecutive tax years as if the profit for each is the average of the total for the two. It is only beneficial to claim if the marginal rates of tax or NIC are different. This section contains the following:

BIM73001General introduction
BIM73051Creators of literary or artistic works: introduction
BIM73055Creators of literary or artistic works: who qualifies?
BIM73060Creators of literary or artistic works: relevant references in farmers’ averaging guidance
BIM73101Farmers: overview
BIM73105Farmers: checklist
BIM73110Farmers: who can claim
BIM73115Farmers: which years may be averaged
BIM73120Farmers: profits for the purpose of averaging
BIM73125Farmers: transition to SA
BIM73130Farmers: full averaging
BIM73135Farmers: marginal relief
BIM73140Farmers: successive claims
BIM73145Farmers: giving effect to a claim
BIM73150Farmers: amendments to profits: reasons other than averaging: averaging claim in place
BIM73151Farmers: amendments to profits: reasons other than averaging: no averaging claim in place
BIM73155Farmers: claims: time limit
BIM73160Farmers: claims to other reliefs
BIM73165Farmers: postponement of payment of tax and interest
BIM73170Farmers: adjustments to assessments
BIM73175Farmers: partnerships and farmers' averaging: SA
BIM73180Farmers: partnerships: the old rules
BIM73185Farmers: partnerships: the new rules
BIM73190Farmers: SA: transitional rules

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