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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