Section 818 Election for alternative methodof calculating profits

the individual qualifies for F1qualifying care relief for a tax year,

the individual's total F2qualifying care receipts for the tax year exceed the individual's limit for the tax year, and

sections 822 and 823 do not apply (accounting date for trade not 5th April).

must specify the tax year for which it is made, and

has effect for that year (unless withdrawn by notice given by the individual).

the first anniversary of the normal self-assessment filing date for the tax year for which the election is made, or

such later date as the Inland Revenue may, in a particular case, allow.