§ 20. Mr. Wigleyasked 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 DaviesMy 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.