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Budget 2015: Extending the averaging period for farmers
Currently, farmers in the UK may obtain tax relief by averaging their profits over two years.  This can help farmers who pay tax at the basic rate one year and higher rate the next or farmers who are liable to tax in one year but are not liable in the next year.  This only applies to farmers who are either sole traders or in partnership, not for companies. In order to be able to average profits over two years, the difference between the profits of the two years has to be at least 30%...
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