Accounting period and Tax return.
- Thread starter nicochick
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The answer depends on whether the business was a company or a soletrader/partnership - very different rules apply to each.
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The tax return for the year ended 5 April 2008 would be based on the accounts for the year ended 31 October 2007, not 31 October 2008.
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The accounts for the period that you stated (1st nov - 31st oct)
These would be for the 08/09 tax return.
Also it depends if you started trading as the rules are different during your first tax years.
These would be for the 08/09 tax return.
Also it depends if you started trading as the rules are different during your first tax years.
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