PTP TR - Farmers and creative person averaging

Article ID

kba-02870

Article Name

PTP TR - Farmers and creative person averaging

Created Date

19th July 2011

Product

Problem

I have a client for whom I intend to make a farmers averaging claim, what does this mean for my client?

Resolution

Users are required to calculate the averaged profit manually and enter the relevant boxes with the revised profit figure. Users are advised to seek assistance from HMRC for further details:
https://www.gov.uk/government/publications/farmers-and-market-gardeners-hs224-self-assessment-helpsheet

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