Farming businesses should be given flexibility in the number of years over which they average profits, farm groups have told HMRC. The Country Land & Business Association (CLA) and NFU have called for flexibility in their responses to an HMRC consultation on how to implement a five-year period for tax averaging. The new rules are due to come into force in April 2016. The chancellor made the concession in the Budget, after farm leaders argued it would help farmers better […]
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