# Income and Corporation Taxes Act 1988, Paragraph 1: Introduction

Extent: E+W+S+N.I.

This Schedule enables an individual (“the taxpayer”) to make a claim (an “averaging claim”) if his profits from a qualifying trade, profession or vocation (his “relevant profits”) fluctuate from one tax year to the next.

---
Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/4A/paragraph/1 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-4A/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.