stevesolo
6th June 2008, 15:08
With a new ltdco, does it have to be 12 months or can it be longer. Thanks.
elainec100@cheapaccounting
6th June 2008, 15:10
See this link:
http://www.companieshouse.gov.uk/about/gbhtml/gba3.shtml
You may change an ARD by shortening an accounting reference period as often as you like and by as many months as you like. However, there are restrictions on extending accounting reference periods:
You may not extend a period so that it lasts more than 18 months from the start date of the accounting period.
You may not extend more than once in 5 years
jholden
6th June 2008, 15:11
It can be longer.
You are taxed based on 12 months then a smaller period to the longer date.
Companies House form to extend accounting reference date will need completing.
Jason