Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Business Income Manual

From
HM Revenue & Customs
Updated
, see all updates

Farming: herd basis: adjustment of assessments

S129 Income Tax (Trading and Other Income) Act 2005, S127 Corporation Tax Act 2009

All such further assessments and repayments of tax may be made as are necessary to give effect to an election, notwithstanding that assessments for that period have become final and conclusive.