HC Deb 26 January 1978 vol 942 c762W
20. Mr. Wigley

asked the Chancellor of the Exchequer what proposals he has for allowing farmers' income to be averaged over three years for income tax purposes.

Mr. Denzil Davies

My right hon. Friend is considering various proposals relating to the tax treatment of farmers, but I cannot anticipate the outcome. It has been recognised in the past that an averaging system for the taxation of farming profits raises considerable difficulties.