Paragraph 5 Time limit for claim
United Kingdom
An averaging claim must be made not later than twelve months after the 31st January next following the end of the later of the tax years to which it relates.
This is subject to paragraph 10(2) (extended time limit where profits adjusted for some other reason).
Notes on Schedule 4A
Textual amendments
- F1
Sch. 4A repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 342, Sch. 3 (with Sch. 2)
- F2
Sch. 4A inserted (11.5.2001) by Finance Act 2001 (c. 9), s. 71(2), Sch. 24 para. 1