Related Commentary  

25(1)  Chapter 16 of Part 2 of ITTOIA 2005 (averaging profits of farmers and creative artists) is amended as specified in subsections (2) to (7).

25(2)  In section 221 (claim for averaging of fluctuating profits)–

(a)[amends ITTOIA 2005, s. 221(2);]

(b)[inserts ITTOIA 2005, s. 221(1A);]

(c)[amends ITTOIA 2005, s. 221(3).]

25(3)  [Inserts ITTOIA 2005, s. 222A.]

25(4)  In section 222 (circumstances in which claim may be made)–

(a)[amends heading to ITTOIA 2005, s. 222;]

(b)[amends ITTOIA 2005, s. 222(1);]

(c)[substitutes ITTOIA 2005, s. 222(2);]

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